Broadcom to Cut Up to 1,150 Jobs
IHS Electronics360 News Desk
October 23, 2013
Fabless chip vendor Broadcom Corp. said Tuesday (Oct. 22) it would reduce its workforce by up to 1,150 employees as part of a restructuring plan to reduce expenses.
The layoffs—which had been rumored for the past week—were announced as the company reported better-than-expected results for the third quarter. Some of the job cuts will effect employees who joined the company as part of the recent acquisition of Renesas Electronics' LTE assets, which closed earlier this month, Broadcom said.
E-mail This Article | Printer-Friendly Page |
Related News
Breaking News
- Ceva multi-protocol wireless IP could simplify IoT MCU and SoC development
- Controversial former Arm China CEO founds RISC-V chip startup
- Fundamental Inventions Enable the Best PPA and Most Portable eFPGA/DSP/SDR/AI IP for Adaptable SoCs
- Cadence and TSMC Collaborate on Wide-Ranging Innovations to Transform System and Semiconductor Design
- Numem at the Design & Reuse IP SoC Silicon Valley 2024
Most Popular
- GUC provides 3DIC ASIC total service package to AI/HPC/Networking customers
- Qualitas Semiconductor Appoints HSRP as its Distributor for the China Markets
- Siemens collaborates with TSMC on design tool certifications for the foundry's newest processes and other enablement milestones
- Credo at TSMC 2024 North America Technology Symposium
- Huawei Mate 60 Pro processor made on SMIC 7nm N+2 process