Welp, that was fast.
Just hours after Apple and Qualcomm announced that they’d
“We are very excited about the opportunity in 5G and the ‘cloudification’ of the network, but 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.
Prior to the Qualcomm settlement, Intel was Apple’s sole modem supplier for the iPhone XS and XR. And Intel was reportedly struggling to deliver its planned 5G modem,