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Last Updated : Apr 17, 2019 07:41 AM IST | Source: Reuters

Intel says to exit 5G smartphone modem business

"...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.

Intel Corp said 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.
First Published on Apr 17, 2019 07:35 am
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