Intel should finally throw in the towel on the mobile business if it can't score a deal to get its chips into a high-profile handset, according to Will Strauss of Forward Concepts. But the market research firm is confident the company's wares will make their way into at least some upcoming iPhones.
Intel has foundered and is largely withdrawing from smartphones, tablets and 4G: instead, it is cutting its losses somewhat while still gambling on what is hoped to be the next big thing with IoT in 5G. This is a strategic reboot, along with a major corporate restructuring involving 12,000 layoffs, that sidesteps unfulfilled expectations for profitable mobile business operations in the short or medium term.
Intel has killed three of its SoFIA chip products for smartphones as the company continues to retreat from the mobile market in favor of newer tech segments.
Intel said it will slash as many as 12,000 jobs as it continues to try to recover from an inability to exploit the smartphone era and a waning PC market.
ZTE ratcheted down its 2015 net profit Wednesday due to the sanctions the U.S. imposed for allegedly violating governmental export controls on Iran. The Chinese telecom gear manufacturer reported $493.3 million in net profit for the year, down from the $586 million it posted in a preliminary report in January.
Cisco completed its $1.4 billion acquisition of Jasper Technologies, bringing the fast-growing smaller company into Cisco's new Internet of Things (IoT) Cloud Business unit.
ZTE is in "constructive" discussions with U.S. regulators to lift export restrictions imposed last week, according to a Reuters report.
The U.S. Commerce Department will place export restrictions on ZTE this week, according to a Reuters report, for allegedly violating U.S. export controls on Iran. The restrictions, which will take effect tomorrow, will require the Chinese manufacturer's suppliers to apply for an export license before shipping any U.S.-made equipment or parts to ZTE.
BARCELONA, Spain-- Facebook used the opening day of Mobile World Congress here to introduce the Telecom Infra Project (TIP), an ambitious, engineering-centric effort to bring mobile tech companies together to develop new technologies "and reimagine traditional approaches to building and deploying" networks.
AT&T is working with Intel to test how drones operate on an LTE network at higher altitudes and in situations that are beyond line of sight, and they're giving a little preview of how it all works at Intel's Drone Zone at Mobile World Congress 2016 in Barcelona.