Apple Inc. could be within a week of agreeing to a deal to buy Intel Corp.'s modem-chip business, according to a Monday afternoon report. The Wall Street...
Apple Inc.
could be within a week of agreeing to a deal to buy Intel Corp.'s INTC, +2.15% modem-chip business, according to a Monday afternoon report. The Wall Street Journal reported that Apple and Intel are in advanced talks on a deal that values the business at $1 billion or more that could lead to a deal in the next week, based on anonymous sources. Intel stock gained about 2% in after-hours trading after the report hit, while Apple shares gained about 0.2%.
on the same day that Intel -- the only other Apple source for iPhone modem chips -- announced that it would wind down its modem business. The Journal reported that Intel and Apple were in talks for more than a year, but Intel began shopping the unit after Apple struck a multiyear deal with Qualcomm as part of the companies' legal settlement. After discussions with other companies, Intel re-ignited talks with Apple, according to the report.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Apple in Advanced Talks to Buy Intel’s Smartphone-Modem Chip BusinessApple is in advanced talks to buy Intel’s smartphone-modem chip business, a move that would jump-start the iPhone maker’s push to take control of developing the critical components powering its devices.
Leer más »
Apple Patents Gesture, Expression Tracking for Mixed Reality HeadsetApple’s upcoming mixed reality headset could include a number of sensors to track the eyes, gestures and even facial expressions of its users. The company applied for a patent to track these …
Leer más »
Apple co-founder Steve Wozniak: Get off FacebookApple co-founder Steve Wozniak says for many people the loss of privacy that comes with having a Facebook profile is not worth it.
Leer más »
Morgan Stanley on Apple: 'Attractive setup into earnings'Morgan Stanley maintained its overweight rating on Apple's stock and hiked its price target to $247 from $231, heading into the tech giant's third-quarter earnings on July 30.
Leer más »
Schiff suggests Justice Department could reopen Trump hush-money probe once president is out of officeThe Intelligence Committee chairman said he assumes the case 'will be reopened when he leaves office ... and the Justice Department will have to weigh whether to indict the former president.'
Leer más »