Intel’s news source for media, analysts and everyone curious about the company.

Intel Completes Sale of Smartphone Modem Business to Apple

SANTA CLARA, Calif., Dec. 2, 2019 – Intel Corporation today announced it has completed the sale of the majority of its smartphone modem business to Apple. This transaction, valued at $1 billion, was announced on July 25, 2019. As previously disclosed, this transaction enables Intel to focus on developing technology for 5G networks while retaining the option to develop modems for non-smartphone applications, such as PCs, internet of things devices and autonomous vehicles.

Forward-Looking StatementsThis press release contains forward-looking statements relating to the expected benefits of the sale of the majority of Intel’s smartphone modem business to Apple and Intel’s future plans and expectations. Such statements are based on management expectations as of the date of this release and, except as required by law, Intel disclaims any obligation to update these forward-looking statements to reflect future events or circumstances. Forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially are set forth in Intel’s earnings release dated Oct. 24, 2019, which is included as an exhibit to Intel’s Form 8-K furnished to the SEC on such date.  Additional information regarding these and other factors that could affect Intel’s results is included in Intel’s SEC filings, including the company’s most recent reports on Forms 10-K and 10-Q. Copies of Intel’s Form 10-K, 10-Q and 8-K reports may be obtained by visiting our Investor Relations website at www.intc.com or the SEC’s website at www.sec.gov.

Über Intel

Intel (Nasdaq: INTC) ist eines der führenden Unternehmen in der Entwicklung zukunftsweisender Technologien, von denen Menschen auf der ganzen Welt profitieren. Inspiriert durch das Mooresche Gesetz arbeiten wir ständig an der Weiterentwicklung unserer Halbleiter-Produkte, um Kunden bei der Bewältigung ihrer größten Herausforderungen bestmöglich zu unterstützen. Wir implementieren intelligente Technologien und Lösungen in der Cloud, im Netzwerk und in allen Geräten dazwischen. Dadurch nutzen wir das volle Potenzial von Daten, die Unternehmen und Gesellschaft verbessern.

Mehr Informationen zu Intels Innovationen finden Sie unter www.newsroom.intel.de und www.intel.de.

© Intel Corporation. Intel, das Intel Logo und andere Intel Produkte sind Marken der Intel Corporation oder ihrer Tochtergesellschaften. Andere Marken oder Produktnamen sind Eigentum der jeweiligen Inhaber.