FILE PHOTO: The Broadcom Limited company logo is shown outside one of their office complexes in Irvine, California, U.S., March 4, 2021. REUTERS/Mike Blake
(Reuters) -Broadcom Inc forecast current-quarter revenue above Wall Street expectations on Thursday, as the semiconductor firm is set to benefit from the rising adoption of 5G technology.
As the global rollout of 5G ramps up, strong demand for higher-priced chips used in smartphones will benefit Broadcom, which counts iPhone maker Apple Inc as a major customer in its wireless chip division.
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