Chipmaker Broadcom Corp said it was looking to sell or wind-down of its cellular baseband business. The company said on Monday that a sale or wind-down of the business would likely save $700 million annually.
Broadcom Corporation (Broadcom), is a global semiconductor solution for wired and wireless communications. Shares of BRCM traded higher by 0.63% or $0.2/share to $31.87. In the past year, the shares have traded as low as $23.25 and as high as $36.20. On average, 6291440 shares of BRCM exchange hands on a given day and today's volume is recorded at 5144572.
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