Intel Gives Up on Failed Quest to Break Into Mobile Market
- Chipmaker to study whether modems for PCs have a future
- 5G smartphone unit offers no path to profitability, CEO says
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Intel Corp., whose products dominate the world of computing, said it’s going to wind down a multibillion-dollar, multidecade effort to grab a viable stake of the mobile phone industry.
After its one significant customer, Apple Inc., said it will return to using Qualcomm Inc. chips, Intel announced Tuesday it will exit the 5G smartphone business and complete an assessment of the opportunities for existing chips and fifth-generation modems in personal computers.