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TAP TIMES -17- MARCH 2022

Stocks (from 16) ing in which the FTC claimed the company
used its monopoly power using restrictive

portant global suppliers of telecom chips contract terms.
and networking products, including multi-
plexers, data center networking and wi-fi New trial on one patent
chipsets. In addition, a federal court in Washington,
D.C. affi rmed a jury fi nding that Apple and

High-fl ying stock Broadcom had infringed two CalTech wire-
The Street loves Broadcom’s stock, which less patents. A new infringement trial on a
marked a high of $674.28 on Dec. 31, third patent has been ordered.
2021 (See table on 33). In its most recent
quarter, the company reported revenue of Broadcom ended its 2021 FY on Oct.
$7.41 billion. 31, 2021, reporting full year revenue of
$27.45 billion up 15% from 2020, when it
Apple is a “signifi cant purchaser” of Broad- reported $23.88 billion.
com’s wireless semiconductors. Last
month, a U.S. appeals court threw out a Q1 report due March 3
jury verdict requiring Apple and Broadcom The market is eagerly awaiting its Q122
to pay $1.1 billion, Reuters reported. report, due on March 3. The guidance is
for the company to report Q122 revenue
In 2021, Broadcom agreed to settle an of $7.6 billion, up 14% from the compa-
antitrust complaint, based on an FTC rul- rable quarter in 2021.
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E-tec Inserat Socket 2015 190x127mm US.indd 1 18.06.15 10:06