Broadcom: Investing $1bn in R&D

Chip-set developer Broadcom says its deliveries of home gateway products and set-top box solutions helped deliver strong earnings overall but especially from its broadband access and video distribution products. Moreover CFO Eric Brandt revealed that the company is investing in ‘next generation’ Internet of Things and ‘wearable’ devices.

Broadcom unveiled its Q2 numbers on July 23rd. It said it was spending “the better part of $1 billion in R&D” in the overall wireless space.

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