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5G networks

Intel to exit 5G smartphone modem business

US company sees 'no clear path to profitability and positive returns,' says CEO

With the dispute between Apple and Qualcomm over, Intel will stop development of modems for 5G smartphones.

TOKYO -- U.S. chipmaker Intel will pull the plug on development of its fifth generation, or 5G, smartphone modem business, the company said on Tuesday.

The news comes as Apple ended its patent fight with Qualcomm and decided to source 5G smartphone modems from the chipmaker.

In a statement issued on Tuesday, Intel said the company does not expect to launch 5G modem products in the smartphone space, including those originally planned for roll outs in 2020.

"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.

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