Intel has claimed that when it sold its smartphone modem chip business to Apple, it took a a multi-billion dollar loss due to illegal licensing practices of Qualcomm. In an official newsroom post Steven Rodgers, executive VP and general counsel at Intel said, Intel fought for nearly a decade to build a profitable modem chip business. We invested billions, hired thousands, acquired two companies.
Intel could not overcome the artificial and insurmountable barriers to fair competition created by Qualcomm's scheme and was forced to exit the market this year.
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