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Intel confirms modem chip business sale to Apple

In a recent court filing, Intel revealed that it sold its smartphone modem chip business to Apple at a “multi-billion dollar loss” as it was allegedly forced out of the market by Qualcomm.

The US chipmaker made this claim in a brief filed with the 9th US Circuit Court of Appeals where its rival Qualcomm is currently trying to overturn an antitrust decision against it following a lawsuit by the US Federal Trade Commission.

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