Shares of Irvine-based Broadcom Corp. were up 10% Wednesday after the chipmaker won a deal with Nokia Corp., and another big customer, Cisco Systems Inc., reported a stronger outlook.
Nokia, the largest maker of wireless phones, plans to use Broadcom’s Edge chips for sending data in phones due out in the second half of 2008.
The deal expands Broadcom’s business with Finland-based Nokia.
The news came after networking gear maker Cisco late Tuesday raised its long-term sales growth outlook. Cisco uses Broadcom chips in its routers and switches.
Broadcom’s deal with Nokia could touch on its long running fight with Qualcomm Inc. of San Diego.
Qualcomm has charged Nokia with unfair trade practices for importing phones with Edge chips that are said to infringe on six Qualcomm patents.
On Monday, the U.S. Trade Representative upheld a ban on cell phones that contain Qualcomm’s chips found to infringe on Broadcom patents.
