Intel exits 5G mobile modem market after Apple-Qualcomm multiyear deal settlement

Credit: BGR India- Published 1 week ago
After the Apple-Qualcomm multiyear deal settlement, Intel has announced its exit from 5G mobile modem market. On Tuesday, just hours after Apple and Qualcomm surprise settlement, Intel said that it has decided to leave the 5G mobile modem market to focus on 4G and 5G modems in PCs, internet of things devices and other...
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Credit: Wochit Business
Published 1 week ago -  00:38
Qualcomm Stock Soars After Settling Patent Dispute With Apple
Reuters reports that Qualcomm Inc on Tuesday won a major victory in settling its wide-ranging legal dispute with Apple Inc. The settlement includes an undisclosed payment amount from Apple to Qualcomm. The agreement also includes a six-year patent license deal and supply agreement that could pave the way for Qualcomm to get its modem chips back in the iPhone. Following news of the settlement, shares of Qualcomm jumped 22 percent in late afternoon trading, their biggest gain in more than 19 years. Apple stock was up marginally.

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