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Intel has been in talks to sell its fashion chip business



After Apple and Qualcomm are now friends again, Intel has abandoned its 5G modem plans and considering, according to a new leak, the sale of its modem chip business. The news, which has not been confirmed yet, follows Intel's announcement that they will not continue with the introduction of a 5G cellular modem in 2020. The leak also claims that Apple has considered buying an Intel chip business.

READ: Apple vs Qualcomm settled: 2020 iPhone 5G gets some new options

The allegations come from the Wall Street Journal which reports that Apple has discussed with Intel about acquiring parts of the modem Chip business, although the leak was not confirmed. The deal may have helped Apple accelerate its iPhone efforts, but the talks were halted after months of communication, the report said.

The talks allegedly ended around the same time as Apple and Qualcomm announced their new multi-year agreement. In the face of this alleged plan change, Intel is now "looking for strategic alternatives" that involve selling the company to another company, possibly to a company other than Apple.

The sources claim that Intel has already received "interest" from several parties, but none of these potential buyers has been named. It is rumored that Intel has tapped the Goldman Sachs Group to get the ball rolling, although the new talks are still at an early stage. Sources claim that Intel expects "a few billion" on a sales deal, assuming one takes place.

Qualcomm was so far the only offerer of modems, which was used in the iPhone. This has become a problem due to his legal disputes with Apple. These issues dragged on over two years, giving Intel the opportunity to fill the new gap, but the surprising agreement between Apple and Qualcomm has ultimately dashed Intel's plans.


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