The best regulated crypto exchange
Find out why?
A Win-Win
Referral Programme
Refer a friend to Currency.com and get a two-way bonus
Learn more

Intel Expected to Launch Major Patent Auction as it Quits 5G Market

By Yana Berman

Intel is putting approximately 8,500 of its patents on auction following a decision to quit the 5G market, Yahoo Finance reports on Tuesday, July 2.

Intel Expected to Launch Major Patent Auction as it Quits 5G Market

The auction will reportedly be divided into two sections. The first one will consist of 6,000 patents related to the company’s cellular IP portfolio, including 3G, 4G and 5G standards. In the meantime, the other 1,700 documents are related to “wireless implementation technologies.”

Intel will reportedly start receiving bids around early August. However, the company has not yet officially confirmed the reports.

According to Yahoo Finance, both Apple and Huawei could be among the potential buyers of the patents. While Apple intends to release a 5G iPhone in 2020, Huawei, which was recently sanctioned by the U.S., is eyeing expanding its 5G business.

Just hours after the earliest reports, Intel announced that it is quitting 5G smartphone modem business in order to focus more on 4G and 5G modems for personal computers and smart home devices.

Like to share your thoughts and ideas about crypto and trading? You could join us as an external author. Email us on [email protected] to find out how you could become a Currency.com contributor.
Subscribe to Currency.com news
iMac Image
The most beautiful trading app
google play storeapple store
iPhone Image
iPhone Image