Qualcomm

Apple in talks to buy Intel's $1 billion modem business

Apple storefront
Photo: Alex Tai/SOPA Images/LightRocket/Getty Images

Apple is reportedly once again in talks with Intel to buy the company's troubled cellular modem business for around $1 billion.

Why it matters: Although Apple recently settled its legal dispute with Qualcomm, the company is widely believed to be interested in developing its own modem capabilities internally and has already hired people from both chipmakers, including at a new office in San Diego.

White House convenes a China-focused tech meeting

Larry Kudlow
White House economic adviser Larry Kudlow. Photo: Nichloas Kamm/AFP/Getty Images

The Trump administration is planning another meeting with tech leaders Monday, this time bringing together the heads of some of the country's biggest chipmakers to meet with White House economic adviser Larry Kudlow.

What's happening: A source tells Axios that the companies were told the meeting's agenda was simply "economic issues." However, given the invite list, the discussion is expected to focus on tariffs and China broadly, and the topic of Huawei and the administration's ban on its products is expected to be at the top of the list.