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Intel to exit smartphone modem business

Wednesday 17 April 2019 | 08:54 CET | News
Intel announced plans to exit the smartphone modem business as it has been unable to turn a profit. The company said it will complete orders for its existing 4G products but will not release a 5G modem as earlier intended. The chipmaker is reviewing its business for modems in PCs and IoT devices and said it will continue to support the mobile network infrastructure business.

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Categories: Mobile & Wireless
Companies: Intel
Countries: World
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