Smartphone Parts Boost Broadcom’s Earnings

Chip maker has been trying to rally investor support for $105 billion takeover of Qualcomm

Broadcom Ltd. reported higher-than-expected earnings in the most recent quarter as the chip maker looks to convince Qualcomm Inc.’s shareholders to back its $105 billion takeover bid.

Profit was boosted by sales of smartphone parts, which offset weakness in its core wired-infrastructure business. Sales in Broadcom’s wireless-communications segment, which makes chips for Apple Inc.’s iPhones and enterprise-storage units, grew 33% while sales in wired infrastructure, which still accounts for 45% of sales, edged up 3%.

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