Apple in advanced talks to buy Intel's smartphone-modem chip business - WSJ
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(Reuters) - Apple Inc is in advanced talks to buy chipmaker Intel Corp's smartphone-modem chip business, the Wall Street Journal reported on Monday, citing people familiar with the matter.Assuming talks don't fall apart, the deal, valued at $1 billion or more, could be reached in the next week, the people told WSJ. While Apple declined to comment, Intel did not immediately respond to a Reuters request for comment.Shares of Intel rose nearly 2% to $52.23, while those of Apple were up marginally..