Intel Corp. Exec Addresses Tough Question About Modem Biz
In 2016, Apple (NASDAQ: AAPL) adopted cellular modems -- chips that handle data transmission between devices and cellular networks -- from chip giant Intel (NASDAQ: INTC) to power a portion of the iPhone 7-series smartphones that it released in the fall of that year.
That design win represented the first big break for Intel's long-suffering mobile chip business.
Apple continued to use Intel modems in a portion of the iPhone 8-series and iPhone X smartphones that it introduced this fall, which led to further revenue growth for Intel's modem business, as Intel chips now powered Apple's current-generation as well as its last-generation devices.
Source: Fool.com
Intel Corp. Stock
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