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Broadcom looking at sale of its baseband chip business
June 2, 2014 / 11:26 AM / 3 years ago

Broadcom looking at sale of its baseband chip business

June 2 (Reuters) - Chipmaker Broadcom Corp said it was looking to sell or wind-down of its cellular baseband business.

The company said on Monday that a sale or wind-down of the business would likely save $700 million annually.

Baseband chips are used in mobile devices to process wireless communication. (Reporting By Lehar Maan in Bangalore; Editing by Joyjeet Das)

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