Intel gets out of the 5G smartphone modem business

Intel gets out of the 5G smartphone modem business | #TpromoCom #Intel #5G #Business | While much of Silicon Valley readies its smartphone technology for 5G networks, Intel is getting out of the business.

Intel (INTC) announced Tuesday that it will no longer make 5G modems for smartphones. Instead it plans to determine whether it should make 4G and 5G modems for PCs and other internet-connected devices.

Bob Swan, Intel’s CEO, said in a news release that there was “no clear path to profitability and positive returns” for the smartphone modem business.

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