Cellphones are selling like hotcakes and these guys still can't make a profit selling chips for them? Something seems odd...
Chips are down at Broadcom: Thousands of workers laid off
Broadcom is exiting the cellular baseband business, a decision that's has bitten hard, with the company announcing layoffs of around 2,500 employees – around 20 per cent of its total workforce – worldwide. Its latest SEC filing shows the company turned in a loss of $US1 million for the quarter, a collapse from the previous …
COMMENTS
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Wednesday 23rd July 2014 19:57 GMT Anonymous Coward
Its because of Qualcomm
They're just totally dominating this business. They're not quite the Intel of the baseband chipset world, but they aren't far off.
The more interesting question is what will become of their engineers. Rumor had it Apple was hiring some of these guys. It would seem odd for Apple to design its own baseband, but I guess considering they hired a bunch of GPU guys a couple years ago and will probably include their own GPU design in this fall's or next fall's iPhone, maybe they want to eventually control the design of everything inside the iPhone.
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Wednesday 23rd July 2014 10:13 GMT Andus McCoatover
Double whammy for Oulu
Reported in the local rag "Kaleva" (Kaleva.fi - in Finnish, natch), a double whammy in a week for my city, Oulu. First, 500 from Microsoft when the Peltola site closes, then another 430 from Broadcom...
This city aint that big....A significant loss, almost 1,000 unemployed.