Intel's Q2 Call Looms Amid Reports About Sale of Its 5G Modems Business to Apple

Intel holds its Q2 earnings call Thursday, and CEO Bob Swan is sure to face questions about reports Intel is in advanced talks to sell its 5G modems business to Apple. Swan reported on a late-April call that Intel was still deciding what to do with the rest of its 5G modems business (see 1904260005), after announcing earlier it was dropping 5G smartphone modems for lack of profit potential (see 1904170004). Evaluating Intel’s future in 5G modems for PCs and IoT devices, including what to do with the company’s “wonderful” patent portfolio, was a "work in progress," said Swan then. Neither Apple nor Intel commented Tuesday on the reports.