UPDATE 1-Broadcom unveils its first LTE chip to rival Qualcomm

Posted on February 12, 2013 at 15:43 PM EST

NEW YORK, Feb 12 (Reuters) - Broadcom Corp said customers are now testing its first chip based on the latest high-speed wireless technology, creating new competition for bigger rival Qualcomm Inc, which was years ahead of the rest of the market.

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