Broadcom wants to get out of the wireless modem business

In a sign of the times, Broadcom is seeking the sale of its baseband business the chips that provide connectivity in cellular phones and modems. This is a win for competitors who have integrated baseband products like Qualcomm, but it’s also a signal that Broadcom would rather focus on wireless technologies like Bluetooth and Wi-Fi that are becoming embedded in more and more devices. The mobile revolution won’t be built on cellular, and as the chip industry becomes more challenging Broadcom wants to focus its R&D where it might count for more.