Broadcom CEO Scott McGregor is confident that the company’s Wi-Fi chips could have enough takers in future high-end smartphones though the company has stopped pursuing 4G technology.

In July, the US fabless semiconductor firm reportedly revealed plans to shut down its loss making cellular baseband chip business, as it failed to compete against rival Qualcomm.

McGregor told Reuters: "We’re definitely at risk of that but the reality of it remains to be seen."

"The higher-end smartphone space is most likely to stay with Broadcom because that’s where they care most about the features and capabilities we offer."

Broadcom’s Wi-F chips are integrated in Apple’s iPhones, Samsung’s Galaxy S5 and other high-end devices.

McGregor added: "A lot of people think of this as a static space but it’s not. We’re constantly evolving the technology."

The chip maker is also supplying enhanced chips to manage traffic in cloud data centres, which signifies its focus towards the networking business.

McGregor said: "This chip will go into high-end mega-data centers, typically the cloud providers.

"All the name brands of search and social media are primary users of this."