Broadcom Says It Will Debut LTE Chips in 2013
Broadcom indicated on Thursday that it plans to begin supplying LTE 4G baseband radios to its smartphone customers beginning in 2013. The company does not have any LTE chips at the moment, and has lost business to rivals that do. Broadcom did not provide a timeline for when the LTE chips would be available, but said it will be sampling the radios to its customers next year. Most of today's high-end smartphones support LTE.
Broadcom to Cut Up to 1,900 Jobs
Broadcom Limited said it plans to reduce its headcount by about 1,900 jobs. The cuts will be made across Broadcom's global facilities and the company expects to take a charge of $650 million to cover the cost of the cuts.
Avago Technologies May Buy Broadcom
Avago Technologies is in advanced talks to acquire Broadcom, reports the Wall Street Journal. Terms of the deal are not yet available, and the Journal's sources say the deal may not be signed.
Broadcom Ups Its Bid for Qualcomm
Broadcom today made a second offer to acquire rival Qualcomm. Last year, the company offered $70 per share of Qualcomm's stock.
FTC to Investigate Broadcom's Business Practices
The U.S. Federal Trade Commission today said it is investigating potential anticompetitive negotiating tactics used by Broadcom.
Qualcomm Says Two Big Buyers Likely to Bail Over Broadcom Tie-Up
Qualcomm warned investors that two of its most important customers have threatened to take their business elsewhere should Qualcomm be acquired by Broadcom. Qualcomm didn't name the customers, but said together they contribute a combined $1 billion in chip revenue.