Revenue in mobile and wireless sectors decreased roughly 7% to $940 million in 2013 consistent with prior expectations. Nevertheless, McGregor said he sees “bustling momentum in LTE” that will come to fruition in the next 12 to 18 months.
Broadcom is shipping its Category 4 core LTE SoC for volume production. Its Category 6 thin LTE modem will sample by the middle of 2014, and the company is on track to ship sample quad-core SoCs during the first half of 2014.
Broadcom will continue selling 3G products in 2014. “Our 3G business grew last year, it’s not a drag on revenue," McGregor said. "In terms of what it does this year I think... you’ll see higher than normal [average selling price] declines," he added.
McGregor also discussed the acquisition in September of the LTE assets Renesas Mobile, describing the process “as perfect as an acquisition can be.” The company is on schedule for all deployments and Broadcom believes it has good customer traction going forward.
“We do believe were going to be winning new designs over the course of this year, and we have number of customers we believe are close to making design agreements,” McGregor said. “Looking forward, we’re excited about the progress were making on a number of fronts.”
— Jessica Lipsky, Associate Editor, EE Times