|Intel exits 5G phone modem business after Apple-Qualcomm settlement |
Following Apple’s last-minute patent licensing settlement with Qualcomm today, Intel has unexpectedly dropped out of the 5G modem-making business for smartphones. The Santa Clara-based chipmaker says it is in the process of assessing its remaining modem-related opportunities for PCs, internet of things devices, and data-focused devices, but it intends to continue making 5G network infrastructure components.
Intel CEO Bob Swan suggested that the company couldn’t compete “in the smartphone modem business,” saying “it has become apparent that there is no clear path to profitability and positive returns.” But he called 5G “a strategic priority” across the company and said Intel is reviewing the options for its wireless products and intellectual property — a signal that it may be looking to sell its portfolio.
Read More - VentureBeat