Apple (AAPL) - Get Report is looking to bolster the development of its own 5G chip through the acquisition of Intel's (INTC) - Get Report German smartphone modem business, The Information reported, citing sources.

Apple used Germany's Infineon when it launched the first iPhone 10 years ago. It then moved to Qualcomm (QCOM) - Get Report in 2011. Intel then bought Infineon in 2011, but Apple didn't use the company's chips in the iPhone again until the iPhone 7 in 2016 after falling out with Qualcomm. 

Qualcomm and Apple have since squashed their differences and reached a multiyear 5G chip deal this year. Intel, in turn, exited the 5G phone modem business. 

The report from The Information follows up reports from May that Apple was working on designing its own 5G iphone chips, but that development would not be completed until 2025 at the earliest. 

At its current rate, Apple isn't expected to develop a 5G-ready iPhone until 2020 at the earliest. 

Apple shares ware basically even at $194.84 in trading Wednesday. 

Apple is a holding in Jim Cramer's Action Alerts PLUS charitable trust