According to WSJ Intel intends to unload its smartphone modem business as a whole. Apple is still a potential buyer, although some other companies have expressed interest and Intel is working with Goldman Sachs to facilitate the negotiations. The deal is likely to be worth billions of dollars, even though the report is still at an early stage.
Qualcomm was Apple's only smartphone chipset provider before the companies were involved in a lawsuit in 201
Intel has recently denied rumors that Apple does not have the confidence in the company to deliver 5G modems by 2020. Meanwhile, Qualcomm launches 5G-capable modems
"We are very excited about the opportunity at 5G and the network's 'cloudification', but in the smartphone-modem business it has turned out that there is no clear It's a path to profitability and positive returns, "said Intel chief Bob Swan on April 16, the day Apple and Qualcomm settled their litigation and announced their renewed chipset deal.
Intel's modem business loses $ 1 billion annually, according to WSJ and a sale will likely involve employees, patents, and modem designs across multiple technology generations.