Apple may be switching to Intel for new iPhone wireless modules
So far, wireless and LTE-enabled modems as found in iPads and iPhones have been provided by Qualcomm while some SoC designs have been produced by Samsung and TSMC. Late last year, however, rumblings were heard about Apple partnering with Intel for future wireless hardware needs instead. The move would be a boon for Intel as the company recently posted quarterly losses accompanied by an announcement of significant layoffs.
In a recent quarterly financial presentation with investors and analysts, Qualcomm CEO Steve Mollenkopf hinted that one of its largest customers may soon be changing suppliers. The vague description could be alluding to new contracts between Apple and Intel for the aforementioned wireless modules and, according to Bloomberg, is very likely what Mollenkopf is referring to. NYSE had reacted to the news with Qualcomm shares falling 2.5 percent, but recovered shortly by the end of the week at 52.64 USD. Mollenkopf attempted to calm shareholders by reassuring that the loss of a major customer will have no impact on profit levels at least for the near term.