Apple could buy Intel's modem business, report says

Apple has considered buying Intel's smartphone modem business in what would be one of the iPhone maker's biggest acquisitions ever.

That's according to a new story in the the Wall Street Journal, which reports that the two companies have held talks since last year, though those conversations recently "stalled." 

From the report:

A multibillion dollar acquisition would be one of Apple's largest (the current record for the company is its $3 billion Beats acquisition) and would have significant ramifications for the iPhone. Apple has been working on its own chips for some time, but gaining Intel's patents and engineers could help them accelerate those plans. It could also help insulate Apple in the event of another legal dispute or other supply issue.  Read more...