by winston » Mon Jul 29, 2019 7:40 am
Intel is going to be bailed out. And their saving grace is a tech king.
As reported by Yahoo Finance on Wednesday, Apple will be buying out Intel's 5G smartphone modem business for a price of $1 billion.
It was recently revealed that Intel was drowning, losing $1 billion annually on its modem operations .
And it looks like Apple has been ready to pounce and take advantage for some time.
The market powerhouse has been eyeing the assets, and it makes complete sense considering they also recently hired Intel's 5G chief, Messay Amerga, and Umashankar Thyagarajan, a project engineer and senior director on the same 5G team.
What does this mean for Apple?
Well, they will now be in excellent position to start producing their own 5G modems for iPhones, instead of continuing to rely on Qualcomm for it's hardware.
And his will not only create incredible benefits for Apple, but for the 5G market boom as a whole.
5G could quite possibly become the greatest wealth creator in American history.
When a tech titan like Apple wants to get their hands on something, you know it's going to be huge... and insanely profitable.
It's not just about changing how smartphones operate. It's going to transform everything- cars, computers, streets, homes, schools, banks... there are endless possibilities.
Essentially, it's going to change the world.
Source: Strategic Tech Investor
It's all about "how much you made when you were right" & "how little you lost when you were wrong"