Apple decision forces Intel to sell its 5G smartphone modem business

Intel has just confirmed plans to exit the smartphone business, as well as an auction of its 5G modem division. The announcement follows Apple's decision to buy 5G smartphone modems from Qualcomm rather than Intel.

Although the US company says it will continue to produce 4G smartphone modems and honor all orders, it will no longer invest in 5G modem product line following the announcement. Instead, Intel will shift focus on its 5G network business, which is expected to grow in the coming years.

Intel Corporation ...