Apple paid a billion dollars for a business Intel

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www.vsyako.netPhoto: Shannon Stapleton / Reuters

The American company Apple has bought a division of Intel Corporation, which is engaged in the manufacture of wireless systems for connecting mobile phones to the Internet. The amount of the transaction amounted to a billion dollars. About it reported in a press-services of both companies.

It is expected that the transaction will be closed in the fourth quarter of 2019. If this happens, on account of Apple will be a total of about 17 thousand patents for “existing and future wireless technologies”.

In addition to the Apple team as part of the transaction will go about 2.2 thousands of Intel employees. The company will also receive equipment and rental space, which includes a Corporation.

On the preparation of the deal to buy the Apple modem business to Intel on July 23 reported by the newspaper The Wall Street Journal. The publication notes that the iPhone maker is committed to leadership in the implementation of 5G technology, so the agreement is strategic. The amount of a billion dollars in the context of such giants as Apple and Intel edition compared with the “error in rounding”.

According to the newspaper, buy Apple opens access to a multi-year engineering development of Intel and save years that would have gone into the creation of analogues. While Intel may get rid of unprofitable divisions. According to the source, the Corporation is losing each year on the developments for the smartphone about one billion dollars. The sale of the units allows it to focus the development of 5G technologies to other devices.

Video, photo All from Russia.

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