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5G networks

Intel wastes no time in quitting rocky foray into 5G mobile

Announcement comes hours after Apple settles with Qualcomm

TAIPEI -- Intel's shock decision to exit the 5G smartphone modem business marks another setback for the world's biggest microprocessor maker, which once dreamed of taking a leading role in the next-generation communication technology.

Intel's announcement came shortly after news that rival Qualcomm had reached a settlement in its year long, bitter legal fight with Apple over royalty payments. As a result Qualcomm's chips will be used in Apple's future 5G iPhone, marking an end to Intel's ambitions in the smartphone market.

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