An Intel logo hangs from a beam during the Mobile World Congress on the third day of the MWC in Barcelona.SAN FRANCISCO - US electronics giant Intel said on Tuesday it was withdrawing from the 5G smartphone modem business, hours after Apple and American microchip manufacturer Qualcomm announced they had clinched an agreement to end a battle over royalty payments.
"5G continues to be a strategic priority across Intel, and our team has developed a valuable portfolio of wireless products and intellectual property," CEO Bob Swan said in a statement.
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