Intel says to exit 5G smartphone modem business

FILE PHOTO: Shadows are cast near the Intel logo at the 2015 Computex exhibition in Taipei, Taiwan, June 3, 2015. REUTERS/Pichi Chuang - Copyright Pichi Chuang(Reuters)

By Reuters

Published on 17/04/2019 - 02:04•Updated 19/04/2024 - 10:52

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(Reuters) - Intel Corp said on Tuesday it was exiting the 5G smartphone modem business, while assessing opportunities for 4G and 5G modems in PCs, internet of things devices and other data-centric devices.

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