Broadcom back after baseband drop
 

Wireless chip maker Broadcom reported higher-than-expected quarterly revenue and profit, thanks to sales of its Wi-Fi and broadband chips.

Broadcom has the advantage that its chips are in both the Apple’s iPhone 6, which was launched in September and Samsung’s Galaxy S6, launched in April, both of which did well.

Broadcom is exiting its baseband chips business after falling behind Qualcomm in the development of 4G technology increasingly used by carriers.

While the move freed up resources, it also raised concerns of competitive disadvantage due to the lack of a 4G product.

http://www.techeye.net/business/broa...-baseband-drop