Intel has clarified that it bowed out of the mobile 5G marketplace earlier this month, and now we know why: according to CEO Bob Swan, the company had concluded that there just wasn’t money in the business after Apple and Qualcomm settled their ongoing dispute — a settlement which meant Qualcomm would provide modems to Apple once again.
“In light of the announcement of Apple and Qualcomm, we assessed the prospects for us to make money while delivering this technology for smartphones and concluded at the time that we just didn’t see a path,” commented Swan in an interview with The Wall Street Journal.
The news that Intel had exited the 5G modem business came just hours after…
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