US electronics giant Intel said Tuesday it was withdrawing from the 5G smartphone modem business, hours after Apple and American microchip manufacturer Qualcomm announced they had clinched an agreement to end a battle over royalty payments. The modems that connect smartphones to telecommunications networks were at the heart of the battle between Apple and Qualcomm. Intel said it will “complete an assessment of the opportunities for 4G and 5G modems in PCs, internet of things devices and other data-centric devices,” while pursuing investment opportunities in its 5G network infrastructure business.
