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Intel dropped a bombshell and said it's giving up on the 5G smartphone business: 'There is no clear path to profitability and positive returns' (INTC, AAPL, QCOM)

Credit: Business Insider- Published 6 days ago
· Intel will abandon the market for smartphone 5G modem chips, the company said on Tuesday.
· The news came on the same day that Apple, Intel's customer for 5G modem chips, settled a lawsuit with Qualcomm relating to the technology.
· The move marks the first big strategy change by new Intel CEO Bob Swan, who took the reins...
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Intel Corp. is killing its 5G smartphone modem chip, following Apple Inc.’s surprise decision Tuesday to settle its multibillion-dollar lawsuit and sign a...
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