caption Intel CEO Bob Swan source Intel; Shayanne Gal/Business Insider Intel will abandon the market for smartphone 5G modem chips, the company said on Tuesday. The news came on the same day that Apple, Intel’s customer for 5G modem chips, settled a lawsuit with Qualcomm relating to the technology. The move marks the first big strategy change by new Intel CEO Bob Swan, who took the reins in January, and it represents a remarkable turn of events for the company that once provided the silicon in the majority of consumers’ computing devices. Shares of Intel were up 4% in after hours trading following the announcement. 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 wireless efforts on network infrastructure. But, when it comes to the … [Read more...] about Intel dropped a bombshell and said it’s giving up on the 5G smartphone business: ‘There is no clear path to profitability and positive returns’
Clearing path
Intel dropped a bombshell and said it’s giving up on the 5G smartphone business: ‘There is no clear path to profitability and positive returns’ (INTC, AAPL, QCOM)
Alexei Oreskovic, provided by Published 5:09 pm PDT, Tuesday, April 16, 2019 Intel; Shayanne Gal/Business Insider Intel will abandon the market for smartphone 5G modem chips, the company said on Tuesday. The news came on the same day that Apple, Intel's customer for 5G modem chips, settled a lawsuit with Qualcomm relating to the technology. The move marks the first big strategy change by new Intel CEO Bob Swan, who took the reins in January, and it represents a remarkable turn of events for the company that once provided the silicon in the majority of consumers' computing devices. Shares of Intel were up 4% in after hours trading following the announcement. 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 wireless efforts on network infrastructure. But, when it … [Read more...] about Intel dropped a bombshell and said it’s giving up on the 5G smartphone business: ‘There is no clear path to profitability and positive returns’ (INTC, AAPL, QCOM)
Intel is quitting the 5G smartphone modem business: ‘There is no clear path to profitability and positive returns’
caption Intel CEO Bob Swan source Intel; Shayanne Gal/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 wireless efforts on network infrastructure. But, when it comes to the smartphone modem business, CEO Bob Swan said in a statement, “it has become apparent that there is no clear path to profitability and positive returns.” Shares of Intel was up as high as 4% in after hours trading following the announcement. The news came on the same day that iPhone maker Apple and Qualcomm settled litigation involving 5G modems. Apple had previously selected Intel to supply the modem chips for its future 5G smartphones. But Intel said in its announcement on Tuesday that it “does not expect to launch 5G modem products in the … [Read more...] about Intel is quitting the 5G smartphone modem business: ‘There is no clear path to profitability and positive returns’
Netanyahu Declares ‘Incredible Victory’ As Revised Exit Polls Indicate Clear Path to Election Win
TEL AVIV — Prime Minister Benjamin Netanyahu declared victory here tonight as revised exit polls projected his clear path to forming a right-wing coalition and early official election results put Netanyahu’s Likud party ahead of his Blue and White rivals. “I am very moved on this night,” stated Netanyahu, addressing supporters at a victory rally in Tel Aviv. “This is a night of an incredible, incredible victory.”Netanyahu hailed a “fantastic achievement, an enormous achievement, which is almost unfathomable.” Before most ballots were counted, Netanyahu called his party’s purported victory “almost unprecedented,” asking, “When did we receive so many seats? I don’t even remember.” Netanyahu was seemingly referring to the updated exit polls from major Israeli television networks, with Israel’s Channel 12 and 13 both utilizing revised samples showing Netanyahu’s Likud with 35 seats and … [Read more...] about Netanyahu Declares ‘Incredible Victory’ As Revised Exit Polls Indicate Clear Path to Election Win
Netanyahu Declares ‘Incredible Victory’ As Revised Exit Polls Show His Clear Path to Election Win
TEL AVIV — Prime Minister Benjamin Netanyahu declared victory here tonight as revised exit polls projected his clear path to forming a right-wing coalition and early official election results put Netanyahu’s Likud party ahead of his Blue and White rivals. “I am very moved on this night,” stated Netanyahu, addressing supporters at a victory rally in Tel Aviv. “This is a night of an incredible, incredible victory.”Netanyahu hailed a “fantastic achievement, an enormous achievement, which is almost unfathomable.” Even before most ballots have been counted, Netanyahu called his party’s purported victory “almost unprecedented,” asking, “When did we receive so many seats? I don’t even remember.” Netanyahu was seemingly referring to the updated exit polls from major Israeli television networks, with Israel’s Channel 12 and 13 both utilizing revised samples showing Netanyahu’s Likud with 35 … [Read more...] about Netanyahu Declares ‘Incredible Victory’ As Revised Exit Polls Show His Clear Path to Election Win