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Intel To Exit 5G Smartphone Modem Business

RTTNews Wednesday, 17 April 2019
Chipmaker Intel Corp. said it plans to exit the 5G smartphone modem business, with the announcement coming just hours after Apple Inc. and Qualcomm Inc. said they have settled their royalty dispute. The settlement includes a payment from Apple to Qualcomm, but no details were disclosed about the payment or fees. Qualcomm's shares are gaining more than 14 percent in Wednesday's trading session.
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News video: Jim Cramer: Qualcomm's Ending its Dispute With Apple

Jim Cramer: Qualcomm's Ending its Dispute With Apple 00:32

Qualcomm ended its long-running dispute with Apple over royalty payments for Qualcomm's smartphone equipment. Qualcomm shares jumped 23.2% on Tuesday after the settlement was announced. The settlement ends all litigation between the two companies and includes an unspecified payment from Apple to...

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