Report: Baseband chip market grew 20% in 2010

The world's demand for wirelessly connected devices was a boon to cellular baseband chipmakers in 2010, according to a new report by research firm Strategy Analytics. The report notes that revenue from baseband chip sales grew 20 percent in 2010, climbing to a total of $13.2 billion. Leading the market was Qualcomm (NASDAQ:QCOM) with 40 percent market share, followed by MediaTek with 14 percent of the market, Texas Instruments with 13 percent and Infineon with 12 percent. Intel acquired Infineon's wireless business last year. Release

Correction, March 31, 2011: This article originally referenced 2009 data from Strategy Analytics, not 2010 data.