Apple to buy majority of Intel's modem chip business for $1 billion
5 years, 7 months ago

Apple to buy majority of Intel's modem chip business for $1 billion

Live Mint  

Apple Inc said on Thursday it would buy the majority of Intel Corp's smartphone modem business for $1 billion, months after the chipmaker announced plans to exit the 5G modem chip business. Apple will hold over 17,000 wireless technology patents and take on about 2,200 Intel employees after the completion of the deal, the iPhone maker said. Intel had positioned itself as the sole source of iPhone modem chips over the past year after Apple got into a prolonged legal fight with previous supplier Qualcomm Inc. Apple reached a surprise settlement with Qualcomm in April that called for the company to once again use Qualcomm's modem chips, leading to Intel's decision to quit the business. Livemint tops charts as the fastest growing news website in the world 🌏 3.6 Crore Indians visited in a single day choosing us as India's undisputed platform for General Election Results.

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History of this topic

Apple announces $500 billion investment including huge AI factory
3 weeks, 6 days ago

Apple announces $500 billion investment including huge AI factory

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Apple will spend $500 billion on investments in the US – including a …

Apple announces $500bn investment in the US
3 weeks, 6 days ago

Apple announces $500bn investment in the US

Al Jazeera  

The move comes on the heels of threats by US President Donald Trump to impose tariffs that would make iPhones made overseas more expensive. The move, announced on Monday, comes just days after US President Donald Trump said Apple CEO Tim Cook promised him that the tech giant’s manufacturing would shift from Mexico to the US. The announcement is similar …

"Squishy": Apple's $500B investment comes amid tariff threat
3 weeks, 6 days ago

"Squishy": Apple's $500B investment comes amid tariff threat

Salon  

Apple revealed a plan on Monday to spend $500 billion in the United States over the next four years, an announcement touted as the company's “largest-ever spend commitment.” But it may not be as impressive as it seems. Andrew Ross Sorkin, co-anchor of CNBC’s "Squawk Box" and a financial columnist for The New York Times, described Apple’s monetary pledge as …

Apple finally launches its in-house modem with iPhone 16e, moving away from Qualcomm. Here's why it matters
1 month ago

Apple finally launches its in-house modem with iPhone 16e, moving away from Qualcomm. Here's why it matters

Firstpost  

Apple’s new modem is part of what it calls the C1 subsystem, a set of key components designed to improve performance, efficiency, and battery life. The company has spent years testing the modem with 180 carriers across 55 countries to ensure it works globally Apple’s modem may be a major milestone, but it’s not perfect — yet. This new modem …

Apple reveals first custom modem chip, shifting away from Qualcomm
1 month ago

Apple reveals first custom modem chip, shifting away from Qualcomm

Deccan Chronicle  

Sunnyvale: Apple on Wednesday revealed its first custom-designed modem chip that will help connect iPhones to wireless data networks, a move that will make the company less reliant on chips from Qualcomm that also power its Android rivals. Qualcomm chips also power Android gadgets and Windows laptops that compete with Apple's devices. New platform with global compatibility The C1 subsystem …

Apple reveals first custom modem chip, shifting away from Qualcomm
1 month ago

Apple reveals first custom modem chip, shifting away from Qualcomm

The Hindu  

Apple on Wednesday revealed its first custom-designed modem chip that will help connect iPhones to wireless data networks, a move that will make the company less reliant on chips from Qualcomm that also power its Android rivals. Qualcomm chips also power Android gadgets and Windows laptops that compete with Apple's devices. NEW PLATFORM WITH GLOBAL COMPATIBILITY The C1 subsystem is …

Apple’s iPhone sales during the holiday season slipped despite a highly anticipated AI rollout
Trending News
1 month, 3 weeks ago

Apple’s iPhone sales during the holiday season slipped despite a highly anticipated AI rollout

The Hindu  

Apple on Thursday disclosed its iPhone sales dipped slightly during the holiday-season quarter, signaling a sluggish start to the trendsetting company’s effort to catch up to the rest of Big Tech in the race to bring artificial intelligence to the masses. Apple’s iPhone year-over-year shipments in China declined nearly 10% in the most recent quarter, while native companies Huawei and …

Apple logs 'best quarter ever but iPhone sales dip despite AI rollout
1 month, 3 weeks ago

Apple logs 'best quarter ever but iPhone sales dip despite AI rollout

Hindustan Times  

Despite logging what its CEO called the “best quarter ever”, smartphone giant Apple's sales growth fell short of market expectations as iPhone sales dipped slightly during the holiday-season despite AI rollout. ‘Best quarter ever’ The company posted a profit of $36.3 billion, with CEO Tim Cook calling it “the best quarter ever.” Apple reported a record revenue of $124.3 billion …

Apple’s iPhone sales during the holiday season slipped despite a highly anticipated AI rollout
1 month, 3 weeks ago

Apple’s iPhone sales during the holiday season slipped despite a highly anticipated AI rollout

Associated Press  

SAN FRANCISCO — Apple on Thursday disclosed its iPhone sales dipped slightly during the holiday-season quarter, signaling a sluggish start to the trendsetting company’s effort to catch up to the rest of Big Tech in the race to bring artificial intelligence to the masses. Apple’s iPhone year-over-year shipments in China declined nearly 10% in the most recent quarter, while native …

Apple approaches historic $4 trillion valuation, it is now also ahead of Nvidia and Microsoft
2 months, 3 weeks ago

Apple approaches historic $4 trillion valuation, it is now also ahead of Nvidia and Microsoft

India Today  

Apple is closing in on a historic $4 trillion stock market valuation, powered by investors cheering progress in the company's long-awaited AI enhancements to rejuvenate sluggish iPhone sales. it is a function of limited Apple Intelligence features and geographic availability, and as both broaden, it will help to drive an improvement in iPhone demand," Morgan Stanley analyst Erik Woodring said …

What is the Qualcomm vs Arm battle that could have huge implications on future laptops, phones
3 months ago

What is the Qualcomm vs Arm battle that could have huge implications on future laptops, phones

India Today  

The legal battle between Qualcomm and Arm over the acquisition of chip startup Nuvia has escalated into a high-stakes dispute that could reshape the chip market and disrupt the longstanding industry dynamics. However, the case also holds major implications for Qualcomm’s future in the laptop market, its relationship with Arm, and the broader chip ecosystem that relies heavily on Arm’s …

Apple's stock at all time high, tech co back as most valuable company thanks to Apple Intelligence
3 months ago

Apple's stock at all time high, tech co back as most valuable company thanks to Apple Intelligence

Firstpost  

According to JPMorgan analyst Samik Chatterjee, the real AI windfall will come with the expected 2025 launch of the iPhone 17. He projects iPhone sales will rise from 230 million units this fiscal year to 251 million the following year Apple’s stock currently trades at 34 times its projected earnings over the next 12 months, making it one of the …

Apple chip supplier Broadcom hits $1 trillion market valuation for first time
3 months, 1 week ago

Apple chip supplier Broadcom hits $1 trillion market valuation for first time

Hindustan Times  

Broadcom Inc., a chip supplier for Apple Inc. hit a $1 trillion market valuation for the first time on Friday, after predicting a boom in demand for its artificial intelligence chips. Broadcom's stock rose 24 per cent to $224.80 in New York on Friday, its biggest one-day share-price rally since August 2009, when the precursor company Avago Technologies Ltd held …

Apple Is Going To Part Ways With Qualcomm Completely By 2027? Here's What We Know
3 months, 2 weeks ago

Apple Is Going To Part Ways With Qualcomm Completely By 2027? Here's What We Know

ABP News  

Apple is gearing up to launch its highly anticipated line of cellular modem chips next year, marking a significant step towards reducing its reliance on Qualcomm, according to a Bloomberg report. Qualcomm, a leader in modem chips that power mobile data connectivity, has already signalled to investors that Apple plans to phase out its use of Qualcomm components. Investors are …

Apple's 5G Modem to Debut in 2025, Aims to Overtake Qualcomm
3 months, 2 weeks ago

Apple's 5G Modem to Debut in 2025, Aims to Overtake Qualcomm

Deccan Chronicle  

Apple’s in-house modem system is set to debut next year and it will replace components from long-term partner, Qualcomm. Apple planned to bring out its in-house modem to market in 2021, where it invested billions of dollars setting up labs as well as acquired Intel’s modem group for about $1 billion and also hired engineers from other companies but it …

Qualcomm explores friendly takeover of Intel — Know more about potential transformational deal for chip sector
6 months ago

Qualcomm explores friendly takeover of Intel — Know more about potential transformational deal for chip sector

Live Mint  

Intel — once the world's largest chipmaker — might soon face a friendly takeover bid from Qualcomm. The company is headed toward its third consecutive year of shrinking sales with an estimated $52 billion revenue in 2024 — just 70% what it brought in back in 2021. A person in the know however told Bloomberg that CEO Pat Gelsinger still …

Qualcomm approached Intel about a takeover in recent days: Report
6 months ago

Qualcomm approached Intel about a takeover in recent days: Report

The Hindu  

Qualcomm made a takeover approach to chipmaker Intel in recent days, the Wall Street Journal reported on Friday, citing people familiar with the matter. Earlier this month, Reuters reported that Qualcomm explored the possibility of acquiring portions of Intel's design business to boost the company's product portfolio. Qualcomm had examined acquiring different pieces of Intel, which is struggling to generate …

Qualcomm exploring a chance to buy a chunk of Intel's chip design business
6 months, 2 weeks ago

Qualcomm exploring a chance to buy a chunk of Intel's chip design business

Firstpost  

Intel, which has faced financial struggles recently, is reportedly looking to offload some of its business units in a bid to generate cash. Qualcomm has been assessing various segments of Intel’s design business, including its client PC design division For Qualcomm, acquiring parts of Intel’s chip design business could provide a strategic opportunity to expand its reach into new markets. …

Qualcomm Gives Bullish Forecast After Phone Demand Perks Up
7 months, 3 weeks ago

Qualcomm Gives Bullish Forecast After Phone Demand Perks Up

Live Mint  

-- Qualcomm Inc., the world’s biggest seller of smartphone processors, gave a strong revenue forecast for the current period, indicating that demand for phones is rebounding. Phone makers have been helped by a spending recovery among Chinese consumers, and that’s translating into more orders for component makers like Qualcomm. Apple’s iPhone relies on Qualcomm for connectivity chips, not the main …

Qualcomm reaches $75 mln settlement over sales and licensing practices
9 months ago

Qualcomm reaches $75 mln settlement over sales and licensing practices

The Hindu  

Qualcomm agreed to pay $75 million to resolve a lawsuit in which shareholders accused the chipmaker of defrauding them by hiding its anticompetitive sales and licensing practices. Shareholders accused Qualcomm of artificially inflating its share price between February 2012 and January 2017 by repeatedly describing its chip sales and technology licensing as separate businesses, when in fact Qualcomm bundled them …

Qualcomm open to buying made-in-India chips, says CEO
1 year ago

Qualcomm open to buying made-in-India chips, says CEO

Live Mint  

Chennai: Wireless communications major Qualcomm Inc is open to buying semiconductor chips from India whenever they are available, the company’s president and CEO Cristiano Amon said. The Indian government has approved four projects to make semiconductor chips with an investment of ₹1.6 trillion, including two involving US-based Micron Technology and Tata Electronics. After the inauguration, union minister for and electronics …

Apple To Continue Using Qualcomm Modems For iPhones Till 2027: Here’s Why
1 year, 1 month ago

Apple To Continue Using Qualcomm Modems For iPhones Till 2027: Here’s Why

News 18  

Apple has decided to extend its deal with Qualcomm to use its modems for iPhones going all the way till 2027. The new deal means Apple can use Qualcomm’s modem for iPhone models till March, 2027. Some of you might remember that Apple acquired Intel’s modem chip business a few years back, which was going to be the platform on …

Qualcomm Inks Deal With Apple to Supply iPhone Chips Through 2026
1 year, 6 months ago

Qualcomm Inks Deal With Apple to Supply iPhone Chips Through 2026

Live Mint  

The agreement comes as Apple has been trying to build its own modem chips to stop using Qualcomm’s. Qualcomm reached a three-year deal with Apple to supply the iPhone maker with 5G communications chips, the latest sign that Apple’s effort to make them in-house has yet to bear fruit. {{^adFree}} {{/adFree}} Qualcomm said Monday it would supply Apple with the …

Qualcomm to supply Apple with 5G chips until 2026 under new deal
1 year, 6 months ago

Qualcomm to supply Apple with 5G chips until 2026 under new deal

The Hindu  

Qualcomm on Monday said it had signed a new deal with Apple to supply 5G chips to the iPhone maker until at least 2026. The San Diego, California-based firm previously signed a supply deal with Apple in 2019, after the two companies settled a protracted legal battle. Under the deal announced Monday, Qualcomm said it will supply Apple with chips …

Qualcomm Believes Apple Will Use Its Own 5G Modem For iPhones Next Year
2 years ago

Qualcomm Believes Apple Will Use Its Own 5G Modem For iPhones Next Year

News 18  

Qualcomm CEO said that it is expecting that Apple may move into making in-house 5G modem chips for its 2024 iPhones, at the Mobile World Congress 2023 in Barcelona. Although Apple’s most recent iPhone 14 models use Qualcomm modems, the company has been attempting to go it solo in the wireless connectivity market for several years, reports CNBC. “We’re making …

Apple dominates Arm-based PC market with 90% revenue share: report
2 years, 9 months ago

Apple dominates Arm-based PC market with 90% revenue share: report

The Hindu  

Apple has established itself as a peerless leader in Arm-based PC processors with almost 90% of the revenue share. “Apple’s M-series family of processors set the benchmark and gave Apple a 2–3-year lead over the rest of the Arm-based PC processor vendors,” Sravan Kundojjala, Director of Handset Component Technologies at Strategy Analytics, said in a statement. In the mobile computing …

Qualcomm can keep growing without Apple, analysts say
3 years, 4 months ago

Qualcomm can keep growing without Apple, analysts say

The Hindu  

Investors once believed that Qualcomm Inc's fortunes rose and fell with Apple Inc's iPhone, which uses a key "modem" chip from the San Diego company to connect to mobile data networks. But as Qualcomm prepares for an investor presentation on Tuesday where it will outline plans to land its chips in everything from virtual reality headsets to self-driving cars to …

Apple to slash iPhone 13 production on chip shortages
3 years, 5 months ago

Apple to slash iPhone 13 production on chip shortages

Al Jazeera  

Apple Inc. is likely to slash its projected iPhone 13 production targets for 2021 by as many as 10 million units as prolonged chip shortages hit its flagship product, according to people with knowledge of the matter. The company had expected to produce 90 million new iPhone models in the last three months of the year, but it’s now telling …

Qualcomm optimistic on 5G, connected device sales as supply bottlenecks ease
3 years, 7 months ago

Qualcomm optimistic on 5G, connected device sales as supply bottlenecks ease

The Hindu  

Qualcomm Inc on Wednesday predicted a rise in sales of chips for 5G phones, including Apple Inc's iPhone, as the company said it had mitigated supply shortfalls that have contributed to a global chip shortage. Qualcomm's chip revenue forecast for the current fiscal fourth quarter had a midpoint of $7.25 billion, compared with analyst estimates of $6.83 billion, according to …

Apple says chip shortage reaches iPhone, growth forecast slows
3 years, 7 months ago

Apple says chip shortage reaches iPhone, growth forecast slows

The Hindu  

Apple Inc said on Tuesday that a global chip shortage that has bit into its ability to sell Macs and iPads will start to affect iPhone production and forecasted slowing revenue growth, sending its shares lower. In a conference call with investors, Apple executives also said that the global chip shortage had a less severe impact than feared in the …

Apple's 2023 iPhones are Expected to Feature its Own 5G Modem Design: Report
3 years, 10 months ago

Apple's 2023 iPhones are Expected to Feature its Own 5G Modem Design: Report

News 18  

Apple is reportedly gearing up to move away from Qualcomm and shift to its own, custom 5G modem chip within two years’ time. According to MacRumors, analyst Ming-Chi Kuo stated in an investor note that starting 2023, Apple should have its own 5G modem design as part of the 2023 iPhones, therefore removing its reliance on Qualcomm entirely. Word about …

Why Apple has chips for iPhones while Ford got caught short
3 years, 10 months ago

Why Apple has chips for iPhones while Ford got caught short

The Hindu  

On the same day that Ford Motor Co said it would be able to produce only half as many cars as planned due to a global chip shortage, Apple Inc announced blowout quarterly earnings as smartphone and computer sales soared, with the chip shortage having only a small impact on its business. The uneven impact of the chip shortage was …

Why Apple has chips for iPhones while many companies got caught short
3 years, 10 months ago

Why Apple has chips for iPhones while many companies got caught short

Live Mint  

On the same day that Ford Motor Co said it would be able to produce only half as many cars as planned due to a global chip shortage, Apple Inc announced blowout quarterly earnings as smartphone and computer sales soared, with the chip shortage having only a small impact on its business. Apple said Wednesday that it would lose $3 …

Apple Earnings Call Shows Strong iPhone 12 and Mac Sales, Warns Chip Shortage May Hurt Business
3 years, 10 months ago

Apple Earnings Call Shows Strong iPhone 12 and Mac Sales, Warns Chip Shortage May Hurt Business

News 18  

Cupertino-based giant Apple yesterday posted its latest earnings report yesterday, where the company showed a strong ongoing demand for iPhone 12 in Q1 2021. Apple Chief Executive Tim Cook said on an investor call that Apple avoided a chip shortage in the fiscal quarter by burning through supply buffers. In the current quarter, however, the chip shortage could cost Apple …

Qualcomm announces new flagship 5G smartphone chips
4 years, 3 months ago

Qualcomm announces new flagship 5G smartphone chips

The Hindu  

Qualcomm Inc on Tuesday announced a new flagship smartphone chip that will feature enhanced gaming and photo abilities and will be manufactured by Samsung Electronics Co Ltd's chipmaking division. It is the first time Samsung, which competes fiercely with Taiwan Semiconductor Manufacturing Co, has made Qualcomm's flagship chip on its new 5-nanometer process for smartphones. This year's chip focused on …

Apple’s New M1 Chip Could Reshape the Company’s Future
4 years, 4 months ago

Apple’s New M1 Chip Could Reshape the Company’s Future

Wired  

So I reviewed the MacBook Air, which came out, I think, in March and that is gone. But it's kind of baffling, I think, and I would feel a little bummed out if I bought one of those two devices, especially because these newer ones are supposed to be so much faster and give you all those other benefits like …

Qualcomm achieves strong Q4 results due to early 5G rolout: Know details
4 years, 4 months ago

Qualcomm achieves strong Q4 results due to early 5G rolout: Know details

India TV News  

Bullish on the early success of its 5G rollout, chip-maker Qualcomm has posted strong results for its fourth quarter, logging $6.5 billion in revenue which is up 35 per cent. "Our fiscal fourth-quarter results demonstrate that our investments in 5G are coming to fruition and showing benefits in our licensing and product businesses," said Steve Mollenkopf, CEO of Qualcomm. Inching …

Apple strikes new deal with UK chipmaker it sidelined in 2017
5 years, 2 months ago

Apple strikes new deal with UK chipmaker it sidelined in 2017

Live Mint  

Los Angeles: UK chip designer Imagination Technologies Group Plc said it’s struck a new license agreement with Apple Inc., reviving a business relationship that had all but ended in recent years. The company, which was sold to Chinese buyout firm Canyon Bridge Capital Partners for 500 million pounds in September 2017, said Thursday it “formed a new multi-year license agreement …

Intel says Qualcomm forced it out of market with unfair patent licensing practises
5 years, 3 months ago

Intel says Qualcomm forced it out of market with unfair patent licensing practises

Firstpost  

Intel was Qualcomm’s chief rival in modem chips and sold the components to Apple for the iPhone. Intel Corp sold its smartphone modem chip business to Apple Inc at “a multi-billion dollar loss,” the US chipmaker said in a court filing on Friday, alleging that rival Qualcomm Inc forced it out of the market. In a 233-page decision issued in …

Qualcomm hints 2020 iPhones may support 5G, expects 200 million 5G phones to be sold
5 years, 4 months ago

Qualcomm hints 2020 iPhones may support 5G, expects 200 million 5G phones to be sold

Firstpost  

Qualcomm CFO says that another set of flagship devices will adopt 5G in the next year. Qualcomm said on Wednesday it expected 200 million 5G smartphones to be sold in 2020, including flagship devices launching next fall, a reference Wall Street took as a hint that Apple would offer the faster technology next year. But Qualcomm Chief Financial Officer Akash …

Qualcomm shares spike by 5 percent, beats Wall Street estimates for Q4 revenue
5 years, 4 months ago

Qualcomm shares spike by 5 percent, beats Wall Street estimates for Q4 revenue

Firstpost  

Qualcomm’s revenue in the Q4 fell about 17 percent to $4.81 billion, but beat analysts’ estimates of $4.70 billion. Qualcomm Inc forecast current-quarter profit above Wall Street expectations and beat estimates for fourth-quarter revenue from its closely watched licensing business, sending its shares up 5 percent in extended trading. The world’s biggest supplier of mobile phone chips expects between 1.75 …

Apple will reportedly use Qualcomm's 5G modem chips on its next iPhone range
5 years, 4 months ago

Apple will reportedly use Qualcomm's 5G modem chips on its next iPhone range

Firstpost  

Apple is said to be moving forward to launch the first lineup of 5G-enabled iPhones next year. Earlier this year, Apple acquired Intel’s 5G modem business indicating that it will be heading towards building its own homegrown modems for its iPhones. Nikkei’s claim of Apple using Qualcomm chips suggests that its own modems aren’t ready for deployment next year. The …

Apple's $1billion Intel splurge is about more than a 5G iPhone
5 years, 7 months ago

Apple's $1billion Intel splurge is about more than a 5G iPhone

Wired  

WIRED Apple has acquired the majority of Intel’s smartphone modem business – the part that connects devices to Wi-Fi and cellular networks – for a hefty $1 billion. “There weren't that many obvious contenders to buy the group, and Apple has been known for a long while to be wanting to get more control over its own technology.” Apple has …

Apple buys Intel's smartphone modem division for $1 billion in push for chip independence
5 years, 7 months ago

Apple buys Intel's smartphone modem division for $1 billion in push for chip independence

The Hindu  

Apple took a major step toward supplying its own smartphone chips by purchasing the majority of Intel’s modem business in a deal valued at $1 billion, the companies said on Thursday. Combined with its existing portfolio, Apple will have 17,000 wireless technology patents, ranging from cellular communication standards to modems, making it a more powerful player in global licensing talks …

Apple to buy Intel unit for $1 billion, to get 2,200 new employees
5 years, 7 months ago

Apple to buy Intel unit for $1 billion, to get 2,200 new employees

Live Mint  

Apple Inc. is buying Intel Corp.’s struggling cellular modem unit, bringing on key engineering talent and patents that will allow the technology giant to more quickly develop crucial components to connect its devices to the mobile internet. Swan said that Intel has “long respected Apple" and that he’s “confident they provide the right environment for this talented team and these …

Intel's smartphone modem business acquired by Apple for $1bn
5 years, 7 months ago

Intel's smartphone modem business acquired by Apple for $1bn

India TV News  

Apple has announced the acquisition of chip-maker Intel's smartphone modem business for $1 billion. Also, read: Google ventures with its e-commerce shopping platform to take on Amazon Approximately 2,200 Intel employees will join Apple, along with intellectual property, equipment and leases, the Cupertino-based iPhone maker said in a statement late Thursday. "This agreement enables us to focus on developing technology …

Apple acquires Intel's smartphone modem business for $1 billion
5 years, 7 months ago

Apple acquires Intel's smartphone modem business for $1 billion

India Today  

Earlier this week, reports indicated that Apple was in advanced talks with Intel to acquire its smartphone modem business. And now just days later, Apple officially announced that it is acquiring Intel's smartphone modem business for $1 billion. Apart from Intel's talent pool, Apple will also get a hold of nearly 17,000 patents ranging from protocols for cellular standards to …

Apple buys Intel’s smartphone modem division for $1 billion
5 years, 7 months ago

Apple buys Intel’s smartphone modem division for $1 billion

Associated Press  

SAN FRANCISCO — Apple is paying Intel $1 billion for the chip maker’s smartphone modem division in a deal driven by the upcoming transition to the next generation of wireless technology. Apple’s purchase of Intel’s smartphone modem patents and other technology could bolster its attempt to build its own line 5G chips and lessen its dependence on Qualcomm. “This is …

Apple buys majority of Intel modem business in a deal valued at $1 billion
5 years, 7 months ago

Apple buys majority of Intel modem business in a deal valued at $1 billion

Firstpost  

Apple has always relied on outside suppliers for modem chips that connect devices to a wireless network. Apple Inc took a major step toward supplying its own smartphone chips by purchasing the majority of Intel Corp’s modem business in a deal valued at $1 billion, the companies said on Thursday. Combined with its existing portfolio, Apple will have 17,000 wireless …

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