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Intel Rises After Saying It Will Drop Out of 5G Smartphone Modem Business

Tom Bemis

As part of their settlement, Apple and Qualcomm reached agreement on a multiyear licensing deal and a multiyear chipset supply agreement which likely will see Qualcomm modems return to Apple iPhones. During the dispute, Intel has been supplying Apple. "In the smartphone modem business it has become apparent that there is no clear path to profitability and positive returns," Intel CEO Bob Swan said in a statement on Tuesday.