The Cupertino tech giant purchased Intel’s 5G modem business for $1 billion in 2019. With the acquisition, Apple was on track to take control of yet another.
The big picture: Apple has extended its modem supply agreement with Qualcomm, signaling to the industry that its in-house modem is still years away from being production ready. For now, it is neither here nor there. Apple is set to unveil its iPhone 15 line during a media event on September 12. All of those phones will ship with Qualcomm 5G modems under the hood as originally planned.
The Cupertino tech giant purchased Intel’s 5G modem business for $1 billion in 2019. With the acquisition, Apple was on track to take control of yet another part of its mobile business and further reduce reliance on third party suppliers.
