Broadcom mulling sale of chip unit - report

Wednesday, 18. December 2019 19:57

Broadcom Inc. is looking for buyers for one of its wireless-chip units, the Wall Street Journal reported on Wednesday.

The unit, which makes filters used in cellphones to clarify signals, generated Broadcom $2.2 in revenue in fiscal 2019. The semiconductor giant may be looking at up to $10 billion for it, although there is no deal as of yet, people close to the matter told the newspaper.

Credit Suisse Group AG is reportedly working together with Broadcom on finding a buyer.

Related Links: Broadcom Inc.
Breaking the News / MD