https://www.cnet.com/news/intel-will-exit-5g-modem-business-hours-after-apple-qualcomm-settle/

"The company will continue to meet current customer commitments for its existing 4G smartphone modem product line, but does not expect to launch 5G modem products in the smartphone space, including those originally planned for launches in 2020," Intel said in a press release. Its only customer in modems is Apple.

The announcement follows news from earlier Tuesday that Apple and Qualcomm had reached a settlement in their battling over licensing royalties. The two sides announced the surprise agreement through a joint press release Tuesday at the same time lawyers presented opening arguments in a courthouse in Southern California. Apple and its contract manufacturers had given their statements, and Qualcomm's head lawyer had nearly finished his remarks when the courtroom buzzed with the unexpected news.