Broadcom says chip market bottomed out, demand to remain low

Broadcom says chip market bottomed out, demand to remain low

(Telecompaper) Broadcom reported revenues for its fiscal third quarter to July up 9 percent year-on-year and little changed on a sequential basis at USD 5.515 billion. The company said it appeared the semiconductor market had bottomed out but it’s expected to remain at a low level due to the uncertain market conditions. 
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