Hours after Apple Inc. and Qualcomm Inc. settled their fight on Tuesday, Intel Corp. announced that it will get out of the business for 5G modem chips, in...
Hours after Apple Inc. AAPL, +0.01% and Qualcomm Inc. QCOM, +23.21% settled their fight on Tuesday, Intel Corp. INTC, +0.76% announced that it will get out of the business for 5G modem chips, in which it was trying to compete with Qualcomm. Apple's partnership with Intel on modem chips -- Qualcomm's bread-and-butter product -- was a big part of the legal fight between Apple and Qualcomm.
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Intel is quitting the 5G smartphone modem business: 'There is no clear path to profitability and positive returns'The move means that chipmaker Intel will no longer have any business in the smartphone device market.
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