When it debuts in the next two years, the wireless nirvana known as 5G will open a wide array of dazzling possibilities. Downloads will be faster; batteries will last longer; bandwidths will soar. The technology will unleash new opportunities—not only for wireless vendors and semiconductor makers, but for companies that have historically had little experience with wireless. Automakers, factory automation suppliers, and even healthcare companies will benefit from 5G. Therein, however,...

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