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Chief Executive Officer Hock Tan said the first quarter of fiscal 2019 is expected to be "okay", in response to an analyst's question during the company's post-earnings call. Tan said he sees a seasonal "downtick" in its wireless business, which makes chips for smartphones including Apple Inc's (AAPL.O) iPhones. A handful of Apple suppliers have cut their forecasts for the December quarter, suggesting tepid demand for new iPhones.
U.S. semiconductor supplier Broadcom (AVGO.O) has made a patent claim for more than $1 billion against Volkswagen (VOWG_p.DE) and is threatening to seek a judicial ban on the production of several car models, German magazine Der Spiegel said on Friday. A Volkswagen spokesman on Friday told Reuters that a legal action had been filed by Broadcom against the German carmaker over a patent issue without confirming the size of the claim. "Volkswagen has examined the claim and taken necessary action to protect its legal interests," the spokesman added.
Chip maker Broadcom has become the latest tech company to come under scrutiny from the European Commission, as the agency revealed it had begun a preliminary investigation into the firm's chip selling tactics.
The preliminary inquiry by the EU focuses on Broadcom's sales of chips in set-top box hardware used by the cable and satellite industry, Bloomberg reported, citing people familiar with the matter and a questionnaire issued by the European Commission. Broadcom's practices are also being examined by the U.S. Federal Trade Commission, the report added, citing one of the people.