Intel is quitting the 5G smartphone modem business: 'There is no clear path to profitability and positive returns' (INTC, AAPL, QCOM)

5:09pm PDT - April 16th, 2019    aapl - Business Insider

Chipmaker Intel said on Tuesday that it is exiting the 5G modem business, effectively ceding the market for smartphones on the eve of what's expected to be the biggest wireless market technology transition in years. The company said it will focus its 5G wirel…