Combining the acquired patents for present and future wi-fi know-how with Apple’s present portfolio, Apple will maintain over 17,000 wi-fi know-how patents, starting from protocols for mobile requirements to modem structure and modem operation. Intel will retain the choice to develop modems for non-smartphone purposes, equivalent to PCs, web of issues gadgets and autonomous autos.
“This agreement enables us to focus on developing technology for the 5G network while retaining critical intellectual property and modem technology that our team has created,” stated Intel CEO Bob Swan. “We have long respected Apple and we’re confident they provide the right environment for this talented team and these important assets moving forward. We’re looking forward to putting our full effort into 5G where it most closely aligns with the needs of our global customer base, including network operators, telecommunications equipment manufacturers and cloud service providers.”
“We’ve worked with Intel for many years and know this team shares Apple’s passion for designing technologies that deliver the world’s best experiences for our users,” stated Johny Srouji, Apple’s senior vice chairman of Hardware Technologies. “Apple is excited to have so many excellent engineers join our growing cellular technologies group, and know they’ll thrive in Apple’s creative and dynamic environment. They, together with our significant acquisition of innovative IP, will help expedite our development on future products and allow Apple to further differentiate moving forward.”
Goldman Sachs & Co. LLC served as monetary advisor to Intel and Skadden, Arps, Slate, Meagher & Flom LLP served as authorized advisor.
