Broadcom Corp. said first-quarter revenue surged 75% on strong demand on chips for devices such as cellphones, TV set-top boxes and Internet routing equipment.

The company reported a profit of $39.9 million, or 12 cents a share, compared to a loss of $67.9 million, or 25 cents, a year earlier. Revenue rose to $573.4 million from $327.5 million. The company projects revenue in the second quarter to increase by 10% to $630.1 million.

Strong demand on consumer devices has driven the surging sales, that includes set-top boxes for satellite TV customers, high-definition television and overall growth in cable modems and wireless hardware or better known as wi-fi.

By: DocMemory
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