BREAKING NEWS
This content is not available in your region

Technology

Intel says to exit 5G smartphone modem business

Access to the comments Comments
By Reuters
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)
Text size Aa Aa

(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.

(Reporting by Ismail Shakil in Bengaluru; Editing by Sandra Maler)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.