Code: 752065 A

Intel Corp said on Tuesday it was exiting the 5G smartphone modem business, while assessing opportunities for 4G and 5G modems in PCs, internet of things devices and other data-centric devices.

Intel this evening says it has decided to leave the 5G mobile modem market to focus its efforts more on 4G and 5G modems for PCs and smart home devices, as well as its broader 5G infrastructure business.

 The announcement comes just hours after Apple and Qualcomm struck a surprise settlement in the two companies’ ongoing patent infringement and royalties dispute related to Apple’s use of Qualcomm modems in the iPhone.

“...in the smartphone modem business it has become apparent that there is no clear path to profitability and positive returns,” Intel CEO Bob Swan said in a statement.

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Intel 5G smartphone modem
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