Qualcomm

Qualcomm is launching $200M fund to back companies building out 5G

Qualcomm CEO Steve Mollenkopf speaking at a business roundtable
Qualcomm CEO Steve Mollenkopf speaking at a business roundtable. Photo: Jim Watson/AFP via Getty Images

Qualcomm's venture arm today announced plans for a $200 million fund aimed at backing companies with the technology needed to build out or take advantage of next generation 5G cellular networks.

Why it matters: Companies with a stake in 5G technology — such as Qualcomm — are eager to tout its great potential. However, achieving that potential will require lots more investment — first in the networks and their accompanying gear, and then in apps and services.

Apple in talks to buy Intel's $1 billion modem business

Apple storefront
Photo: Alex Tai/SOPA Images/LightRocket/Getty Images

Apple is reportedly once again in talks with Intel to buy the company's troubled cellular modem business for around $1 billion.

Why it matters: Although Apple recently settled its legal dispute with Qualcomm, the company is widely believed to be interested in developing its own modem capabilities internally and has already hired people from both chipmakers, including at a new office in San Diego.