Apple Spends $1 Billion to Take Control of Its 5G Destiny

July 27, 2019

Apple said Thursday that it will spend $1 billion to buy most of Intel’s business that makes modems for smartphones—the crucial chips that connect devices to cell networks and Wi-Fi. The deal gives the iPhone maker new power to customize and control the technology inside its mobile devices at a time the industry is moving to new, faster, 5G cellular connections. Apple did not disclose how it will pay the…

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