Apple in advanced talks to buy Intel's smartphone-modem chip business: WSJ

(Reuters) - Apple Inc (AAPL.O) is in advanced talks to buy chipmaker Intel Corp’s (INTC.O) smartphone-modem chip business, the Wall Street Journal reported on Monday, citing people familiar with the matter.

Assuming talks dont fall apart, the deal, valued at $1 billion or more, could be reached in the next week, according to the WSJ. (

Read more