The Presidential Daily Brief


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    Apple, Intel Reportedly Near $1B Mobile Chip Deal

    Apple would pick up patents and staff in the agreement to acquire the dominant processor manufacturer’s smartphone-modem chip business. The deal, which would hand the iPhone maker greater control over key hardware in its popular devices, could be finalized by next week. It would also allow Intel to shed a unit that’s believed to be losing as much as $1 billion per year. 

    What does this mean for iPhones? Apple, which is planning to launch 5G-ready devices in 2020, is keen to produce its own modems after a royalties fight with current supplier Qualcomm.

    Check out OZY’s profile of the lawyer leading the charge against Apple.

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