QCOM - Apple Finally Started Making Its In-House Modem Earlier This Year
Apple 's (NASDAQ: AAPL) dreams of making a modem in-house have been an open secret for years. The company has been hiring modem engineers for quite some time, even expanding its physical presence in San Diego, where Qualcomm (NASDAQ: QCOM) is based, to better poach talent from its supplier. Last year, Apple abruptly settled a two-year legal war with Qualcomm after Intel failed to deliver a competitive 5G modem for the iPhone.
In the most overt signal of its plans, Apple quickly announced that it would buy up the pieces of Intel's smartphone business for $1 billion (the deal closed in December 2019). It should come as no surprise that Apple is now hard at work developing a proprietary modem.
Image source: Apple.
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Apple Finally Started Making Its In-House Modem Earlier This Year