Intel Corp is looking forward for more strategic options for Intel modem chip business. The company is willing to sell its chips to Apple or some other buyers also. Just like Samsung & Huawei, Intel also decided to explore 5G modem chip business. Intel & Apple are facing huge competition due to their rivals. Apple is planning to acquire Intel modem chip business.
Apple is considering to buy Intel’s smartphone modem chip business. The company recently resolved its long-standing legal dispute with Qualcomm Inc. notably, Qualcomm is a key supplier of iPhone model chips to Apple.
Along with Apple, Intel is also obtaining interest impressions from other parties also. That’s why the company hired Goldman Sachs Group Inc to handle the whole process.
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Seeming, Intel is tightening the belts to compete against its rivals such as Samsung, Huawei, Qualcomm and MediaTek in the race of 5G modem chips. Noticeably, Huawei & Samsung make chips for their own smartphones. While, Qualcomm, Intel and MediaTek make chips for other parties.
Also, the introduction of Samsung’s 5G smartphone has put a lot of pressure on Apple. Due to this, Apple is also planning for a 5G smartphone. therefore, the company is looking forward to Intel modem chip business.
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