Apple decision forces Intel to auction its smartphone modem patents
Although the US company said it will continue to produce 4G smartphone modems and honor all orders, it will no longer 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.
According to a new report from IAM, Intel has decided to auction all its IP relating to cellular wireless connectivity. There are no less than 8,500 patents that Intel is now looking to sell in order to recover some of the resources it invested. The report also mentions that Intel is launching this auction separate to its efforts to sell the smartphone modem division, hoping that a potential buyer for both will appear.
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