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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| QUALCOMM Inc | NASDAQ:QCOM | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 4.92 | 2.97% | 170.77 | 170.45 | 170.75 | 169.64 | 163.79 | 164.51 | 13,113,580 | 00:59:49 |
From May 2019 to May 2024
By Asa Fitch
Intel Corp. is exiting the business of making modem chips for 5G smartphones, the company said Tuesday, hours after its chief rival in that market, Qualcomm Inc., resolved a yearslong legal dispute with Apple Inc.
Intel said it wouldn't launch 5G modem products that had been slated to go out next year, and would instead assess opportunities for 4G and 5G modems in personal computers and internet-of-things devices.
While Intel was excited about 5G, in the modem business, "it has become apparent that there is no clear path to profitability and positive returns," Chief Executive Bob Swan said in a statement. He added that the new generation of wireless technology remains a strategic priority, and that Intel is "assessing our options to realize the value we have created" in 5G, including opportunities with other devices and platforms.
(More to come)
(END) Dow Jones Newswires
April 16, 2019 20:19 ET (00:19 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
1 Year QUALCOMM Chart |
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