Intel announces exit from 5G smartphone modem business

Hot on the heels of the short town tidings betwixt Apple as well as Qualcomm, Intel has announced that it is exiting the 5G smartphone modem business. In a press unloose belatedly Tuesday afternoon, the fellowship said it sees “no clear path to profitability” inwards the space.

Intel Corporation today announced its intention to leave of absence the 5G smartphone modem describe organisation as well as consummate an assessment of the opportunities for 4G as well as 5G modems inwards PCs, cyberspace of things devices as well as other data-centric devices. Intel volition likewise drib dead on to invest inwards its 5G network infrastructure business.

[…] “We are real excited virtually the chance inwards 5G as well as the ‘cloudification’ of the network, exactly inwards the smartphone modem describe organisation it has drib dead apparent that in that place is no clear path to profitability as well as positive returns,” said Intel CEO Bob Swan. “5G continues to endure a strategic priority across Intel, as well as our squad has developed a valuable portfolio of wireless products as well as intellectual property. We are assessing our options to realize the value nosotros bring created, including the opportunities inwards a broad diversity of data-centric platforms as well as devices inwards a 5G world.”

Intel adds that it volition drib dead on to run into electrical current client commitments for its existing 4G smartphone modem production line, exactly does non innovation to launch whatever 5G modem products inwards the smartphone space. It volition endure providing additional details modification this month.

This is patently a real interesting evolution given the announcement before today that Apple as well as Qualcomm had settled their years-long patent dispute. Despite the Intel’s bad reputation alongside iPhone users, they were nonetheless an alternative to Qualcomm’s chips.

Source: Intel

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