Apple is in talks to buy Intel's smartphone-modem business in a deal valued at $1 billion, according to The Wall Street Journal.<br />Business Insider reports the two companies had reportedly discussed a deal earlier this year.<br />The talks broke down when Apple signed a deal with Qualcomm.<br />Intel announced in April that it was getting out of the smartphone business.<br />CEO Bob Swan said, "There is no clear path to profitability. <br />
