Listen: Intel, Seoul And Sydney discussed on Bloomberg Daybreak: Asia
"Ten thirty AM here in Sydney, I'm Paul Allen. And I'm Bryan Curtis. Trading is underway in Sydney Tokyo, and Seoul, still have an hour to go before Hong Kong and Shanghai start to trade. It's mixed to slightly higher at the moment. The Nikkei is up about two tenths of one percent. Little weaker in Australia and recite -ly above the start line in Seoul in the kospi. We'll get details on that in just a moment. But for now, the top stories of the our Intel has said, it will quit the five G smart. Find business and focus on meeting commitments for existing four G products. Now, this comes after apple announced will return to using quoque home chips. Bloomberg's Ian king says the move could be positive Intel shelves today. It was a massive opportunity that Intel file to capitalize. On from time. Now investors have been just look into the thing down. Let's will away from this. Let's political let's continue to make money in this way Intel's being so successful and so dominant Qualcomm is the dominant independent supplier of five G modems small Samsung, and while we might processes for their own devices. Netflix reported an underwhelming first-quarter with subscriber growth missing forecasts. So should the market be concerned about an increasingly competitive. Video streaming industry. Porter Bibb is managing partner at media tech capital partners. The thing is going to."