Intel to exit 5G smartphone modem business

Apple and Qualcomm Settle Sweeping Patent Suits - Thurrott.com

Qualcomm's shares gained $13.27 to close at $70.45 in regular trading, marking the stock's best day since 1999.

A SHOCK SETTLEMENT between Apple and Qualcomm has forced Intel to exit the 5G modem market.

Apple and Qualcomm have settled their royalty dispute, the companies announced in a press release.

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The not-so-surprising move, which likely explains the sudden settlement between Apple and Qualcomm, will also see Intel "complete an assessment of the opportunities for 4G and 5G modems in PCs, internet of things devices and other data-centric devices".

The two companies had been at odds over patents and royalties over modems. However, if you're an iPhone user, and you want to keep using iPhones, you could have been left out if Apple didn't have access to a steady stream of 5G chips. We know that there have been rumors of problems between Apple and Intel, as relates to Intel's 5G modem, specifically. Which goes to show just how big of a deal this is in terms of sales and volume, and how important it was for Qualcomm to bring Apple back on board. This comes just two weeks after Intel rebuffed a report suggesting the company was struggling with it's 5G modem program. Intel, a Qualcomm competitor, sharply dipped on the news before recovering. To offset some of that extra cost, Qualcomm had agreed to give Apple a $1 billion annual rebate. For Apple customers, it may mean getting your mitts on a cool new iPhone sooner (which also makes them richer). Either Qualcomm had evidence so strong that Apple didn't think it would win the case, or Apple needed something only Qualcomm could provide.

Investors sensed a resounding victory for mobile chip maker Qualcomm, bidding up its stock price 23% within minutes of news of the settlement. The trial was expected to last at least two weeks, with both parties asking for billions of dollars in damages. "The settlement includes a payment from Apple to Qualcomm".

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Putting an end to one of the most intense high tech legal battles in recent memory, this afternoon Apple and Qualcomm announced that the two firms were burying the hatchet. The case was originally filed by Apple in January 2017, but the litigation became complicated with Qualcomm countersuing.

"In order to purchase Qualcomm chips or obtain access to patents pledged to a cellular standard, Qualcomm demands that third parties pay Qualcomm a royalty much greater than the value of Qualcomm's contribution to the standard", Apple argues.

The Apple-Qualcomm spat has also led to reciprocal patents complaints.

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The multiple model numbers of the same variant could also indicate the different SKUs with varying RAM and storage configurations. During the summit, OnePlus CEO told The Verge that 5G smartphones might cost $200-300 more compared to standard 4G smartphones.

Intel did not immediately respond to Reuters request for comment.

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