Friday, April 26, 2019
Intel Cites Apple-Qualcomm Settlement as Reason Behind Exiting 5G Smartphone Modem Business
Last week’s surprise Apple and Qualcomm settlement and multiyear chipset supply agreement was the driving force behind Intel exiting the 5G smartphone modem business, according to Intel CEO Bob Swan. “In light of the announcement of Apple and Qualcomm, we assessed the prospects for us to make money while delivering this technology for smartphones and concluded at the time that we just didn’t see
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