CURRENT AFFAIRS

Detailed explanation-1: -Apple acquires Intel’s smartphone modem business for $1 billion.

Detailed explanation-2: -Intel today announced it has completed the sale of the majority of its smartphone modem business to Apple for $1 billion following regulatory approval. The transaction was first announced in July and includes intellectual property, equipment, and approximately 2,200 Intel employees joining Apple.

Detailed explanation-3: -This combination of influence and IP will enable Apple to trade and negotiate better deals for 5G royalties, notably with Qualcomm. Apple could also use some of Intel’s key 5G patents to differentiate itself in soon-to-be highly competitive 5G market.

Detailed explanation-4: -4, 2022 – SK hynix Inc. (or ‘the Company’, www.skhynix.com) recently announced that it has completed the first phase of the transaction to acquire Intel’s NAND and solid-state drive (SSD) business.

Detailed explanation-5: -Apple has mostly moved away from Intel chips for its Mac product range, with all but one computer running on its own Apple Silicon.