- Broadcom (BRCM +0.6%) has bought a unit of India's Ittiam Systems that specialized in improving Wi-Fi transfer speeds, the Economic Times reports.
- The purchase comes as Broadcom faces tougher competition in its Wi-Fi/Bluetooth/GPS combo chip business from Qualcomm and others, particularly in the low-end/mid-range smartphone market.
- The company still dominates the less cost-sensitive high-end segment, thanks in large part to major design wins with Apple and Samsung. Broadcom had an estimated 39% of the 2013 mobile connectivity market.
- Shares +19% on the week due to enthusiasm about Broadcom's planned baseband exit.
From other sites
at CNBC.com (May 28, 2015)
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Video at CNBC.com (Jan 6, 2015)
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at CNBC.com (Dec 31, 2014)
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