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