Intel is placing about eight,500 patents on the public sale block because the chip big exits the 5G smartphone market (INTC, AAPL)

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Intel CEO Bob Swan

  • Intel is placing about eight,500 of its 90,000 patents on the public sale block because it exits the 5G smartphone modem market.
  • The chip big stunned the tech world in April when it mentioned it was abandoning the marketplace for 5G smartphone chips, for lack of 
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Chip big Intel is placing eight,500 of its patents on the public sale block, because the tech powerhouse exits the 5G smartphone market.

The Santa Clara, California-based firm instructed Enterprise Insider it’s trying to promote mental property belongings associated to 3G, 4G, and 5G mobile and wi-fi applied sciences. The corporate has practically 90,000 patents worldwide, a spokesperson mentioned. The patent public sale was first reported by IAM media.

Intel can also be in search of a purchaser for its 5G smartphone modem enterprise. The corporate surprised the tech world two months in the past when it introduced that it was abandoning the marketplace for smartphone 5G modem chips. In an announcement, new CEO Bob Swan mentioned that “it has turn into obvious that there isn’t any clear path to profitability and constructive returns.”

An Intel spokesman instructed Enterprise Insider that the public sale course of, which is being supervised by the legislation agency Sullivan & Cromwell, “is unbiased of Intel’s analysis of choices for the smartphone modem enterprise, which we introduced final April. Intel would retain important patent belongings for mobile wi-fi and related units applied sciences.”

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Intel had reportedly mentioned promoting its smartphone modem chip enterprise to Apple, in accordance with the Wall Avenue Journal. A Intel spokesperson declined to remark, however mentioned the corporate has “employed outdoors advisors to assist us assess strategic choices for our wi-fi 5G cellphone enterprise. Now we have obtained important curiosity within the enterprise however don’t have anything extra to say presently.”

Intel has mentioned it should proceed to focus its 5G wi-fi efforts on networking infrastructure. The corporate is making larger bets on server chips that energy information facilities, though Intel has just lately struggled with a slowdown in that market. The corporate just lately reported flat income development and a income goal for 2019 that fell under Wall Avenue’s expectations.

Received a tip about Intel or one other tech firm? Contact this reporter through electronic mail at bpimentel@businessinsider.com, message him on Twitter @benpimentel. You may also contact Enterprise Insider securely through SecureDrop.

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