Intel (NASDAQ:INTC) has struggled in the mobile world. In 2014, the chipmaker's mobile division lost more than $4 billion -- its third consecutive year of losses in the segment. But the company hasn't given up on becoming a major mobile player.
Rumors have swirled for a while that Intel is trying to win space in Apple's (NASDAQ:AAPL) next iPhone by providing some of the LTE modems. The move could benefit both companies: Apple would gain supplier diversity for its LTE modems (right now Qualcomm is the only supplier), and Intel would finally gain a major mobile player for one of its modem chips. VentureBeat says Intel has 1,000 employees working to win a deal with Apple, and could see its LTE XMM 7360 chip in an iPhone as early as next year.
But the chipmaker is going one step further, and is trying to win a fabrication contract to build Apple's next system on a chip (or SoC) as well. That would be the first major client for Intel's mobile SoC fabrication, and would solidify the company in the mobile space.
Click on the slideshow below to find out what Intel's doing to win Apple's business and how it could benefit the company.
Chris Neiger has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Apple and Qualcomm. The Motley Fool recommends Intel. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.