According to industry sources, Apple is interested in acquiring Intel’s mobile phone chip business. This potential transaction is worth billions of dollars. The sale may include employees, multi-generation wireless technology related patents and designs.

Negotiations on the deal actually started last year, and the insider mentioned that because of this, Intel announced its withdrawal from the 5G smartphone modem business in April. Intel CEO Bob Swan has said that the company is evaluating what is the best option for our intellectual property and our employees.

Market insiders speculate that in addition to Apple, other potential buyers include Broadcom, Samsung Electronics and UNISOC.