Intel Corporation has announced that its intention to exit the 5G smartphone modem business. According to Intel, the company will exit the 5G smartphone modem business and complete an assessment of the opportunities for 4G and 5G modems in PCs, internet of things devices and other data-centric devices. “We are very excited about the opportunity in 5G and the ‘cloudification’ of the network, but in the smartphone modem business it has become apparent that there is no clear path to profitability and positive returns,” said Intel CEO Bob Swan. “5G continues to be a strategic priority across Intel, and our team has developed a valuable portfolio of wireless products and intellectual property. We are assessing our options to realize the value we have created, including the opportunities in a wide variety of data-centric platforms and devices in a 5G world.” Intel expects to provide additional details in its upcoming first-quarter 2019 earnings release and conference call, scheduled for April 25. Got the official statement from Intel Corporation today and it turns out bigger than we originally expected and involves around 5,000 to 6,000 employees worldwide, including 1,800 in the Philippines. Copy of the full disclosure below: Chuck Mulloy Intel Corporation Santa Clara, California, Jan. 21, 2009 – Intel Corporation today disclosed plans to restructure some of its manufacturing operations and align its manufacturing capacity to current market conditions. Read more in our articles including "Intel to exit 5G smartphone modem business" and "CICC confirms GoreBox blocked on Google Play and Steam in PH".
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Apr 9, 2009Intel Corporation has announced that its intention to exit the 5G smartphone modem business. According to Intel, the company will exit the 5G smartphone modem business and complete an assessment of the opportunities for 4G and 5G modems in PCs, internet of things devices and other data-centric devices.
“We are very excited about the opportunity in 5G and the ‘cloudification’ of the network, but in the smartphone modem business it has become apparent that there is no clear path to profitability and positive returns,” said Intel CEO Bob Swan. “5G continues to be a strategic priority across Intel, and our team has developed a valuable portfolio of wireless products and intellectual property. We are assessing our options to realize the value we have created, including the opportunities in a wide variety of data-centric platforms and devices in a 5G world.” Intel expects to provide additional details in its upcoming first-quarter 2019 earnings release and conference call, scheduled for April 25.
Our coverage of intel 5g includes: "Intel to exit 5G smartphone modem business"; "CICC confirms GoreBox blocked on Google Play and Steam in PH"; "Intel closes Malaysia, Philippines, Oregon & California Operations". Each article provides unique insights and information.