Thursday , April 22 2021

Intel is trying to sell its business for smartphones

Now, Intel is exciting and looking to turn off its smartphone-modem business as a whole, according to WSJ. Apple is still a potential buyer, although several other companies have expressed interest, and Intel works with Goldman Sachs to ease the negotiations. The deal is likely to be worth several billion dollars, although it is at an early stage for the time being, the report said.

Qualcomm was the only Apple chipset vendor before the company entered the lawsuit in 2017, suing each other for patent royalties and contract violations. During this time, Intel took over as a modem supplier to Apple.

Intel recently denied rumors that Apple did not trust the company to deliver 5G modems to its target by 2020. Meanwhile, Qualcomm has already developed 5G-capable modems.

"We are very excited about the possibility of 5G and clouding the network, but in smartphone business, it has become clear that there is no clear path to profitability and positive results," Intel CEO Bob Swan said on April 16th , on the day Apple and Qualcomm settled their legal cases and announced their new chipset contract.

According to the modem, Intel loses about $ 1 billion a year WSJ, and sales will likely include staff, patents and modem designs in multiple generations of technology.

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