Author: Tronserve admin
Friday 30th July 2021 05:44 PM
Apple Decision Forces Intel To Auction Its Smartphone Modem Patents
Intel verified projects to leave the smartphone business a couple of months ago, but on the other hand news about the auction of its smartphone modem assets came out only today. The announcement follows Apple’s decision to buy 5G smartphone modems from Qualcomm rather from Intel.
Despite the fact that the US company said it will certainly continue to produce 4G smartphone modems and honor all orders, it isn't going to invest in 5G modem product line following the announcement. Instead, Intel will shift focus on its 5G network business, which is expected to grow in the coming years
Based upon a new report from IAM, Intel has determined to auction all its IP relating to cellular wireless connectivity. There are a minimum of 8,500 patents that Intel is now looking to sell with the intention to recover some of the resources it invested. The report also says that Intel is launching this auction separate to its efforts to sell the smartphone modem division, expecting that a potential buyer for both will appear.
Intel’s inability to meet Apple’s output deadlines proved to be fatal for the business in the end, as the Cupertino-based company concluded to make sure it’s got enough 5G modems in 2020. Left without the main client for its smartphone modem division, Intel is pushed to cut its losses and refocus on those businesses that supposedly bring much more money.