Intel says it will exit the 5G modem market

From The Verge: Intel this evening said it has decided to leave the 5G mobile modem market to focus its efforts more on 4G and 5G modems for PCs, smart home devices, and its broader 5G infrastructure business. The announcement comes just hours after Apple and Qualcomm struck a surprise settlement in the two companies’ ongoing patent infringement and royalties dispute related to Apple’s use of Qualcomm modems in the iPhone. It’s likely Intel’s decision here was what prompted Apple and Qualcomm’s decision to settle just as lawyers were presenting opening arguments at the latest courtroom trial that began just yesterday in Southern California. I love it when things make sense.