Broadcom Corp., the maker of semiconductors for wireless headsets and television set-top boxes, said its second-quarter profit dropped 90% on sluggish demand for chips.
Net income fell to $13.4 million, or 3 cents a share, from $134.8 million, or 25 cents, a year earlier, the Irvine company said. Broadcom had a one-time benefit of $65.3 million from a Qualcomm Inc. royalty settlement. Sales declined 13% to $1.04 billion.
