Nokia selects Broadcom as a next generation 3G chipset supplier
Extends existing 2G baseband relationship into next generation 3G mobile devices
Espoo, Finland and Irvine, CA, USA - Nokia, the world leader in mobility, has selected Broadcom Corporation (Nasdaq: BRCM), a global leader in semiconductors for wired and wireless communications, as a next generation 3G baseband, radio frequency (RF) and mixed signal chipset system supplier for worldwide markets. The two parties will cooperate on technology, including Nokia modem technology.
"We are very pleased to have been selected by Nokia as a 3G HSPA supplier leveraging Broadcom's strengths in mixed signal, multimedia and cellular platform technologies," said Scott McGregor, Broadcom's President & Chief Executive Officer. "We look forward to developing great products and continuing to build upon our existing relationship to help Nokia realize their mission of 'Connecting People'."
"Today's announcement with Broadcom is a further example of Nokia's commitment to our diversified, multi-supplier chipset strategy," said Kai Oistamo, Executive Vice President, Devices, Nokia. "This agreement, which targets low cost, high volume markets, demonstrates that we view Broadcom as a reliable supplier to bring the benefits of 3G to Nokia customers around the world."
Nokia is the world leader in mobility, driving the transformation and growth of the converging Internet and communications industries. We make a wide range of mobile devices with services and software that enable people to experience music, navigation, video, television, imaging, games, business mobility and more. Developing and growing our offering of consumer Internet services, as well as our enterprise solutions and software, is a key area of focus. We also provide equipment, solutions and services for communications networks through Nokia Siemens Networks.
Broadcom Corporation is a major technology innovator and global leader in semiconductors for wired and wireless communications. Broadcom products enable the delivery of voice, video, data and multimedia to and throughout the home, the office and the mobile environment. Broadcom provides the industry's broadest portfolio of state-of-the-art system-on-a-chip and software solutions to manufacturers of computing and networking equipment, digital entertainment and broadband access products, and mobile devices. These solutions support Broadcom's core mission: Connecting everything®.
Broadcom is one of the world's largest fabless semiconductor companies, with 2008 revenue of $4.66 billion, and holds over 3,100 U.S. and over 14300 foreign patents, more than 7,600 additional pending patent applications, and one of the broadest intellectual property portfolios addressing both wired and wireless transmission of voice, video, data and multimedia.
Broadcom is headquartered in Irvine, Calif., and has offices and research facilities in North America, Asia and Europe. Broadcom may be contacted at +1.949.926.5000 or at www.broadcom.com.
Cautions regarding Forward Looking Statements:
All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based onBroadcom and Nokia'a current expectations, estimates and projections about their respective industry and businesses, respective management's beliefs, and certain assumptions made by Broadcom and Nokia, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words. Examples of such forward-looking statements include, but are not limited to, Broadcom's relationship with Nokia, the demand for 3G baseband processor products, Broadcom's position in that market, and the timing of volume production for Broadcom 3G baseband processors. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially and adversely from those expressed in any forward-looking statement.
Important factors that may cause such a difference for Broadcom in connection with Broadcom baseband processors include, but are not limited to
- trends in the mobile handset markets in various geographic regions, including seasonality in sales of consumer products into which Broadcom's products are incorporated, and possible disruption in commercial activities related to economic conditions in the United States and other locations;
- the rate at which present and future customers and end-users adopt Broadcom's technologies and products in the markets for cellular handset devices;
- changes in Broadcom's product or customer mix;
- the volume of product sales and pricing concessions on volume sales;
- Broadcom's ability to timely and accurately predict market requirements and evolving industry standards and to identify opportunities in new markets; and
- competitive pressures and other factors such as the qualification, availability and pricing of competing products and technologies and the resulting effects on sales and pricing of our products.
Additional factors that may cause Broadcom's actual results to differ materially from those expressed in forward-looking statements include, but are not limited to the list that can be found at http://www.broadcom.com/press/additional_risk_factors/Q12009.php.
Broadcom's Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other Securities and Exchange Commission filings discuss the foregoing risks as well as other important risk factors that could contribute to such differences or otherwise affect Broadcom's business, results of operations and financial condition. The forward-looking statements in this release speak only as of this date. Broadcom undertakes no obligation to revise or update publicly any forward-looking statement, except as required by law.
Broadcom®, the pulse logo, Connecting everything®, and the Connecting everything logo are among the trademarks of Broadcom Corporation and/or its affiliates in the United States, certain other countries and/or the EU. Any other trademarks or trade names mentioned are the property of their respective owners.
Broadcom Trade Press Contact
Henry Rael, Public Relations Manager
Tel. +1 949 926 5734
Broadcom Investor Relations Contact
T. Peter Andrew, Vice President, Corporate Communications
Tel. +1 949 926 5663
Tel. +358 7180 34900