Intel Corp. dropped plans to make modem chips for 5G smartphones, it said Tuesday, hours after its chief rival in that market, Qualcomm Inc., resolved a yearslong legal dispute with Apple Inc. The decision by Intel removes a major rival to Qualcomm for a critical component in the new generation of mobile handsets expected to dominate the market over the next several years. It followed a settlement between Qualcomm and Apple, which has been Intel’s biggest customer for smartphone modem chips. That settlement includes a multiyear...

Source: Wall Street Journal April 17, 2019 00:00 UTC