Apple Snaps Up Majority of Intel's Smartphone Modem Business for $1 Billion USD

In a statement released by Apple, the tech giant has confirmed that it signed an agreement with Intel to acquire the majority of the latter company's smartphone modem business in a transaction valued at $1 billion USD. The move not only brings Apple one step closer to developing its own modems for smartphones, but it implies that Apple may soon render hardware supplier Qualcomm irrelevant.Intel itself isn't up for grabs of course; it's only selling Apple much of its smartphone modem developments...