Intel has abandoned development of mobile 5G modems, as it does not see a chance to earn in this segment, said in an interview with the Wall Street Journal CEO Bob Swan.
“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 we just don’t see solutions,” said Swan.
In mid-April, Intel announced the intention to leave the market modems for smartphones 5G, continuing to invest in the business associated with the network structure of 5G.
The manufacturer will fulfill current obligations to customers for the supply of the existing range of 4G modems for smartphones, but no plans to launch the new 5G modems, including those that were to enter the market in 2020, reported in a statement.
Of such plans, Intel said a few hours after news of the termination of all litigation between Apple and Qualcomm.
“Qualcomm and Apple today announced the agreement to end all litigation between the two companies. The agreement involves the payment of compensation to Qualcomm from Apple. The company also entered into a license agreement for a period of six years which shall take effect April 1, and may be extended for another two years”, — noted in a press release Apple.
Read more •••