Intel Quits Phone Modem Biz Following Apple/Qualcomm Deal

Intel has confirmed that it has cancelled its 5G modem project
intended for phones such as a future iPhone, and will focus its
modem business instead on products for devices other than phones,
according to the Wall Street Journal. Apple currently uses both
Intel and Qualcomm modems in its iPhones. Earlier today, Apple and
Qualcomm announced an agreement to end a years-long, ugly patent
dispute. The agreement included a new commitment by Apple to use
Qualcomm chips – perhaps exclusively – at the expense of Intel.
Without its largest customer (Apple), Intel was left with no path
to profitability for its phone modem business.

Source: FS – Phones
Intel Quits Phone Modem Biz Following Apple/Qualcomm Deal