Intel in search of patrons for its smartphone-modem enterprise


oi-Vishal Kawadkar

The enterprise is dropping 1 billion yearly.


Intel is likely to be in search of corporations to amass its smartphone-modem enterprise, because it’s now formally out of the 5G chipset race, experiences The Wall Road Journal. In reality, Apple was additionally seen because the potential purchaser, however that deal did not come to fruition as Apple and Qualcomm reached a settlement in a patent infringement dispute. 

Intel looking for buyers for its smartphone-modem business

After the authorized dispute acquired over, Apple and Qualcomm signed a multi-year deal for the chipsets, which dominated out Intel from the situation. Now, it appears Intel desires to close its chip-making operations, in line with WSJ.

Apple continues to be seen as a potential purchaser, although a number of different corporations have proven curiosity and Intel is working with Goldman Sachs to facilitate negotiations. The report additionally means that the deal will possible rack in billions of {dollars} for Intel.

Qualcomm was Apple’s solely provider earlier than the businesses acquired concerned in authorized battles in 2017, accusing one another of patent infringement and contract violations. Throughout this time, Intel can in to rescue Apple. Intel additionally denied rumors that Apple did not present confidence in them to supply 5G modems for upcoming iPhones.

“We’re very excited in regards to the alternative in 5G and the ‘cloudification’ of the community, however within the smartphone modem enterprise it has turn out to be obvious that there isn’t any clear path to profitability and constructive returns,” Intel CEO Bob Swan mentioned on April 16th.
Based on the report, Intel is dropping round 1 billion due to its modem enterprise and can unload the enterprise together with workers, patents, and designs of the modems.

To remain up to date with newest know-how information & gadget opinions, comply with GizBot on Twitter, Fb, YouTube and likewise subscribe to our notification.

Enable Notifications

You may have already subscribed


About the author

Rahul Kamble

Linux Consultant and Technology, Lifestyle, Travel & Gaming Blogger.

Experienced Chief Technology Officer with a demonstrated history of working in the human resources industry. Skilled in VMware ESX, PHP, Linux System Administration, Bash, and Domain Name System (DNS).

Strong information technology professional with a HDNT(Honors Diploma in Network Technology focused in IT Networking & System Administration from CMS Computer Institute.

Email Me @ [email protected] or [email protected]

About This Site:

Hello and welcome to Fazeup Magazine

Here at Faze up, you'll find a recollection of my Likes and opinions based on my professional & personal experience regarding subjects and issues that are of interest to us all. In Subjects such as Technology, Gadgets, Gaming, Lifestyle, Social Media, Entertainment & Travel and the Blogosphere among other Web Culture topics.

Initially this blog was established as a means to keep up with my own interests in the web, but with time and little effort. This Blog has evolved into something much more elaborate and meaningful like a Magazine. The blog currently centres around providing insight on today's ever-growing Web Culture. With posts and videos regarding the latest Web Trends, how-to's, opinions, reviews. Thoughts and hands-on experience in the diverse fields.

If you enjoy the content found on Faze up, you can grab your copy of the RSS Feed. More so feel free to send me any feedback, comments, or suggestions about the site. I always look forward to reading your emails. Even especially on the days I am swamped with work. I would be happy to get an email or a message from you so don't be shy. Alternatively if you have something you would like to see on Faze up, such as an Idea fix a video or topic for a blog post just let me know. Again your feedback is always welcomed and appreciated. Simply Twit me or DM me on any of my social networks or just leave a comment on any of the posts, hit send, and you're done.

Add Comment

Click here to post a comment

Leave a Reply

%d bloggers like this: