Apple Will Continue Licensing Acquired Intel Patents

Over the summer, Apple (NASDAQ: AAPL) acquired the bulk of Intel's (NASDAQ: INTC) smartphone modem business in a $1 billion deal that will accelerate the timeline for Apple's in-house 5G modem. That transaction was precipitated by Apple settling its legal war with Qualcomm (NASDAQ: QCOM), which was followed by Intel announcing it was abandoning the 5G modem market.

The Cupertino tech giant is now the owner of numerous cellular standards-essential patents (SEPs). Any entity that owns SEPs is expected to license out the intellectual property (IP) on a fair, reasonable, and non-discriminatory (FRAND) basis. This week, Apple published a statement committing to doing exactly that.

Image source: Intel.

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Source Fool.com