Press Release

Intel to exit 5G smartphone modem business

Bnamericas Published: Wednesday, April 17, 2019

By Intel

SANTA CLARA, Calif., April 16, 2019 – Intel Corporation today announced its intention to exit the 5G smartphone modem business and complete an assessment of the opportunities for 4G and 5G modems in PCs, internet of things devices and other data-centric devices. Intel will also continue to invest in its 5G network infrastructure business.

The company will continue to meet current customer commitments for its existing 4G smartphone modem product line, but does not expect to launch 5G modem products in the smartphone space, including those originally planned for launches in 2020.

“We are very excited about the opportunity in 5G and the ‘cloudification’ of the network, but in the smartphone modem business it has become apparent that there is no clear path to profitability and positive returns,” said Intel CEO Bob Swan. “5G continues to be a strategic priority across Intel, and our team has developed a valuable portfolio of wireless products and intellectual property. We are assessing our options to realize the value we have created, including the opportunities in a wide variety of data-centric platforms and devices in a 5G world.”

Intel expects to provide additional details in its upcoming first-quarter 2019 earnings release and conference call, scheduled for April 25.

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: ICT

Get critical information about thousands of ICT projects in Latin America: what stages they're in, capex, related companies, contacts and more.

Other companies in: ICT

Get critical information about thousands of ICT companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Resiter S.A.  (Resiter)
  • Resiter is in the industrial waste management business and has operations in Chile, Peru y Uruguay. It will soon open offices in Colombia. The company offers a wide range of ser...
  • Company: Ligga Telecomunicações S.A.  (Ligga Telecom)
  • Ligga Telecom, formerly Copel Telecom, is a subsidiary of Companhia Paraenense de Energia and offers telecommunications and communications services. During 2015, the firm served...
  • Company: NuevaTel PCS de Bolivia S.A.  (VIVA Bolivia)
  • NuevaTel PCS de Bolivia is a local mobile company operating in the country under the Viva brand. It is controlled by US holding Trilogy International Partners, which provides wi...
  • Company: DNV GL Group
  • DNV GL is a private provider of quality assurance and risk management services created in 2013 by the merger of DNV and GL, and headquartered in Hosik, Norway, which operates in...
  • Company: Ausenco Ltd.  (Ausenco)
  • Ausenco Ltd. is an Australian engineering and project management firm that provides program management, project management, technical solutions, engineering, global procurement,...