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.
Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Intel says it's exiting the 5G smartphone market, hours after Apple-Qualcomm settlementIntel said on Wednesday it's pulling out of the 5G smartphone market and will provide further details later this month.
Source: CNBC - 🏆 12. / 72 Read more »
Intel to Stop Making Modem Chips for 5G SmartphonesIntel Corp. is exiting the business of making modem chips for 5G smartphones, the company said Tuesday, hours after its chief rival in that market, Qualcomm Inc., resolved a yearslong legal dispute with Apple Inc. Huawei has announced that it can provide 5G chips to Apple. BTW, the IBM honestly doesn’t have commercialize 5G chips, only samples. Lol. Apple Qualcomm
Source: WSJ - 🏆 98. / 63 Read more »
Intel says to exit 5G smartphone modem businessIntel Corp said on Tuesday it was exiting the 5G smartphone modem business, whil... 1 st time companie kill itself ?!!!!!!! Exit iot exit 5g amd 70% of worlwide cpu market.. Is intel following in IBM’s footsteps? Intel cannot compete with Huawei. Taps out before the fight even started.
Source: Reuters - 🏆 2. / 97 Read more »
Why Wall Street is worried that Apple is getting left behind in the 5G arms raceMany industry analysts are predicting a tough time for Apple in the race to embrace 5G, but this won't necessarily harm the company long-term. The concern is that Apple CEO thinks 5G refers to Grains, Granola, Gluton, Greens, & Granny-Smith apples.. - Why Wall Street is worried that Apple is getting left behind in the 5G arms race (link:
Source: BusinessInsider - 🏆 729. / 51 Read more »
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. What they are killing them self’s?!!!!!! Huawei will lead the market many years techinsider Huawei 5G modems will be cheaper than Intel's 'to-be-manufactured' 5G modems; and since China developed 5G technologies as well, no free IP royalties for Intel.
Source: BusinessInsider - 🏆 729. / 51 Read more »