Apple held talks with chip-maker Intel about acquiring its smartphone-modem chip business in a multi-billion dollar deal to ramp up the development of wireless technology for iPhones, the media reported.
Apple has been working on its own chips for quite some time. Acquiring Intel’s technology could have helped the iPhone maker accelerate its plans.
“Intel is now exploring strategic alternatives for its modem chip business, including a possible sale,” the report added.
Intel on April 16 said it plans to cease working on modems for 5G, the next-generation of wireless technology expected to supercharge mobile connections.