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[NEWS] Apple pays $1 billion for Intel unit in push for chip independence - Loganspace AI
(Reuters) - Apple Inc (AAPL.O) took a major step toward supplying its own smartphone chips by purchasing the majority of Intel Corp’s (INTC.O) modem business in a deal valued at $1 billion, the companies said on Thursday. Under the deal, about 2,200 Intel employees will join Apple, along with intellectual property, equipment and leases. Combined…
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