Gee! Intel Out Of The 5G Race

by | 17 Apr, 2019

Gee! Intel Out Of The 5G Race

Intel is out of the 5G smartphone chip running, leaving the Qualcomm, Apple tie-up, Samsung and Huawei the last on the track.

Exact details have not yet been disclosed. However, Intel’s new CEO, Robert Swan, did say about the smartphone market “it has become apparent that there is no longer a clear path to profitability and positive returns”. Intel also declared that it would be assessing its future involvement in IoT technology (internet of things). Some may be wondering what its business strategy will be considering the waning PC industry; although it intends to continue investing in chips for 5G network infrastructure.  One thing’s for sure, the market was pleased about the announcement, shown by its shares rising 4% in aftermarket trading.   

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ALL RIGHTS RESERVED © INVSTR LTD. 2018

Risk Disclosure:
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order.
Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.
Brokerage services are provided by the following:
US-traded securities, including fractional trading, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here.
India account traded securities are provided by SIC Stocks & Services PVT Ltd. SIC does not make any personal recommendations to buy, sell or otherwise deal in investments. Investors make their own investment decisions. The services and securities provided by SIC may not be suitable for all customers and, if you have any doubts, you should seek advice from an independent financial adviser. For more information and disclaimers, click here.

 

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