Intel has announced it will no longer make 5G modems for smartphones
Intel announced Tuesday that it will no longer make 5G modems for smartphones. Instead it plans to determine whether it should make 4G and 5G modems for PCs and other internet-connected devices.Bob Swan, Intel's CEO, said in a news release that there was"no clear path to profitability and positive returns" for the smartphone modem business.
"The company said it will keep its investment in its 5G infrastructure business.Read More5G is a wireless network connection that will be up to 100 times faster than 4G. That's enough to stream"8K" video or download a 3D movie in 3 seconds. 5G's extra bandwidth will make service more reliable, allowing more gadgets to connect to the network at the same time.
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