Marketplace has a new podcast for kids, "Million Bazillion!" EPISODE OUT NOW

Apple’s acquisition of Intel’s smartphone modem business is all about control

Jack Stewart Jul 26, 2019
HTML EMBED:
COPY
Justin Sullivan/Getty Images

Apple’s acquisition of Intel’s smartphone modem business is all about control

Jack Stewart Jul 26, 2019
Justin Sullivan/Getty Images
HTML EMBED:
COPY

Apple is spending $1 billion to buy the majority of Intel’s wireless modem business, which comes with technology patents and 2,200 employees.

The move is part of Apple’s long-term plan to bring as much of its supply chain in-house as possible.

Apple isn’t the only technology firm that wants to control its silicon supply. Amazon Web Services, Google and Tesla are all building chips they need for their businesses. That allows them to customize, reduce costs and, crucially, maintain control over the supply of these increasingly vital components.

Click the audio player above to hear the full story.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.