Intel to bow out of smartphone-modem business

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With Apple and Qualcomm working out its differences and settling their lawsuits, Intel is effectively out of the picture. And now that it isn’t developing its 5G chipsets, it seems the company wants out of its smartphone-modem business as well. Apple was considering buying part of Intel’s modem ventures, but that deal was stopped short when Apple and Qualcomm signed a multi-year chipset-supply deal. That doesn’t mean the company hasn’t expressed interest in buying this segment from Intel. According to The Wall Street Journal, a few other companies are looking at buying said business. Goldman Sachs is helping Intel facilitate negotiations. The deal is most likely worth a few billion dollars, but it’s in its early stages for now. The company is reportedly losing around US$1 billion annually because of its modem business, so the sale could include staff, patents, and modem designs across multiple technology generaitons.