That being said, naturally such acquisitions aren’t instant and it looks like following the clearing of regulatory hurdles and whatnot, Intel has confirmed that the acquisition has since been completed. According to Intel, “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.”
For those seeking a bit of context, Apple and Intel were said to be working on developing a 5G modem that could find its way into future iPhones. However, following a settlement with Qualcomm, it was later revealed that Qualcomm could be the one to supply Apple with 5G modems, and following that revelation, Intel later confirmed that they would no longer be producing modems for mobile devices.
We’re not sure when we can expect to see Apple’s own modems find their way into the iPhone, but we can’t say we’re surprised. Apple has long tried to be as self-sufficient as possible and this is another step in that direction.