Broadcom said it will cut 2,500 jobs, about one-fifth of its total workforce, as part of a winding down of its cellular baseband chipset unit. The company made the announcement Tuesday in conjunction with its second-quarter earnings.
The different groups working on standards to connect devices to each other as part of the Internet of Things will eventually need to work together or the industry will need to decide on a select few, according to an AT&T Mobility senior executive.
Despite spearheading disparate Internet of Things alliances, executives from Qualcomm and Intel say that the IoT ecosystem would benefit from having one standard and one platform.
How did the wireless industry perform in the second quarter of 2014? Check here throughout the second-quarter earnings report season for full earnings reports from the wireless industry's...
Intel, Samsung Electronics, Broadcom and other wireless and technology players joined forces to create a new group aimed at coming up with an open-source standard to connect devices to each other across operating systems and wireless protocols as part of the Internet of Things.
So far 2014 is the biggest year for deals among chipset companies since 2011--and it's not over yet. Almost $11 billion worth of North American semiconductor transactions were announced in the first half of 2014, according to data compiled by Bloomberg.
Enterprises and venue owners have been clamoring for multi-operator small cell products, while wireless operators demand multimode small cell solutions. Vendors are responding in kind, as evidenced by a couple of new product announcements from this week's Small Cells World Summit in London.
Broadcom is exploring whether to sell off or wind down its cellular baseband business, an acknowledgement of the difficulties it has had in catching up in the LTE market and the dominance of rival Qualcomm in the baseband market.
Nod has contributed gesture and motion technology and Broadcom added silicon for an integrated wearable device capable of controlling connected home devices, including set-top boxes. The two companies are demonstrating the capability at The Cable Show.
Competition in the 802.11ac Wi-Fi arena continues ramping up, with Quantenna, Broadcom and Qualcomm each announcing new generations of chipsets with improved data performance and network capacity. However, the rivals are taking different tacks to achieve those performance gains.