According to CEO Bob Swan, the company came to the conclusion that the industry will remain without profit after Apple and Qualcomm settled its ongoing dispute and concluded an agreement on delivery of 5G modems.

“In light of the announcement of Apple and Qualcomm we assessed the prospects for us to make money, releasing this technology to smartphones, and came to the conclusion that at the time we just don’t see solutions,” commented Swan in an interview with The Wall Street Journal.

The news that Intel is withdrawing from the mobile market 5G modems, appeared a few hours after it was announced the agreement Apple/Qualcomm. At that time it was unclear whether the reconciliation Apple and Qualcomm with the departure of Intel, or Qualcomm just stole Intel client, to resolve lawsuits.

At the moment, Intel will continue to deliver 4G modems for the iPhone this year. Intel is not completely out of the sphere of 5G — the company is still developing and network infrastructure products, as well as modems for other devices.

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