Tightening Broadcom and Verizon’s business relationship was among...
Tightening Broadcom and Verizon’s business relationship was among reasons that Broadcom signed a licensing deal that excused the Bell from the International Trade Commission’s Qualcomm chip ban, Broadcom Chief Financial Officer Eric Brandt said Tuesday at the Citigroup Global…
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Technology Conference, webcast from New York. Verizon is a “fairly large” Broadcom customer and an “important provider” in the wireless market, he said. The licensing deal gave Broadcom “meaningful economics,” but it was more about developing a better business relationship and future opportunities, he said. Broadcom still is mulling how to deal with Qualcomm, he said. “We need to make sure we do what’s right for our shareholders,” he said. Broadcom hopes to achieve “peace in our lifetime” with Qualcomm, but wants to make sure the legal playing field is level, he said. Broadcom doesn’t want to be in a “position where [its] chips are licensed but customers aren’t,” he said.