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