Apple Will Buy Intel’s Phone Chip Division for $1 Billion to Supercharge Its 5G Efforts

The purchase comes despite Qualcomm's multiyear deal to supply iPhone modems

Sculpture of '5G'
The acquisition will aid Apple as it plans for 5G. Getty Images

Apple confirmed Thursday that it will buy Intel’s smartphone modem division for $1 billion, adding more resources to the tech giant’s bid to build in-house the chips that power its iPhones.

@patrickkulp patrick.kulp@adweek.com Patrick Kulp is an emerging tech reporter at Adweek.