Apple Supplier Broadcom Forecasts Big Rebound in Wireless Chips

Broadcom Ltd., a supplier of connectivity chips used in Apple Inc.’s iPhone, forecast more than 20 percent sequential growth in its wireless division this quarter as a major customer gets ready to introduce a new phone.

“It’s largely the certain North American company that’s driving the bulk of the growth,” Broadcom Chief Executive Officer Hock Tan said on a conference call late Thursday. “It’s the beginning of the ramp for their next-generation phone.”