Intel is flying high after announcing a big $1 billion deal with Apple that will see it finally get out of the smartphone component business.
Intel said Apple is buying its smartphone modem chip business for $1 billion. Intel shares were rallying after the chip giant reported better-than-expected results, including a strong outlook. Visit Business Insider's homepage for more stories Intel shares rallied more than 5% late Thursday after the company said Apple was buying its smartphone modem chip business for $1 billion. The company also reported second quarter results and a forecast that exceeded Wall Street expectations.
Intel said Apple is buying its smartphone modem chip business for $1 billion. Intel shares were rallying after the chip giant reported better-than-expected results, including a strong outlook. Visit Business Insider's homepage for more stories Intel shares rallied more than 5% late Thursday after the company said Apple was buying its smartphone modem chip business for $1 billion. The company also reported second quarter results and a forecast that exceeded Wall Street expectations.
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