Intel Stock : Intel Exiting 5G Smartphone Modem Business, Won't Make 5G iPhone Chips at All

[tacobell fan]

In a statement, Intel CEO Bob Swan said that there is "no clear path to profitability and positive returns" in the smartphone modem business.

"We are very excited about the opportunity in 5G and the 'cloudification' of the network, but in the smartphone modem business it has become apparent that there is no clear path to profitability and positive returns," said Intel CEO Bob Swan. "5G continues to be a strategic priority across Intel, and our team has developed a valuable portfolio of wireless products and intellectual property. We are assessing our options to realize the value we have created, including the opportunities in a wide variety of data-centric platforms and devices in a 5G world."

Rumors earlier today suggested Apple would use Qualcomm's 5G chips in its 2020 iPhones, and now it's apparent that the Cupertino company has no choice with Intel opting to pull out of the chip business all together.

 

[tacobell fan]

Hence the Qualcomm Stock ride from today

[Spartan]

anduke Apple and Qualcomm patched up..

poddune vesav ga news..stock pergindi ani Qualcom di..anduke emo..

[tacobell fan]

Just now, Spartan said:

anduke Apple and Qualcomm patched up..

poddune vesav ga news..stock pergindi ani Qualcom di..anduke emo..

Yep