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.
Meet the LG Exalt, Verizon's First LTE-Only Flip Phone
Verizon Wireless recently added the LG Exalt LTE to its lineup of inexpensive flip phones. The Exalt LTE has the distinction of being Verizon's first 4G LTE basic phone, according to the carrier.
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 Takes Aim at Qualcomm with Unsolicited $130B Bid
Broadcom today made an unsolicited offer to buy Qualcomm for $70 per share, a deal valued at approximately $130 billion. According to Broadcom, the merged entity would be a diverse communications semiconductor company that would be able to accelerate innovation, deliver more advanced products, and create compelling financial savings/efficiencies.