Broadcom is considered an industry leader in the growing segment, lining up Apple and Samsung as longtime customers that use its connectivity chips in their popular smartphone models, laptops and other devices. CSR, a major player in the burgeoning Internet of Things market, late last month rejected a bid from Arizona-based Microchip Technology Inc., sending its shares up 35% to a market value of $2.6 billion on the London Stock Exchange. The news didn't budge Broadcom shares. "We won't be providing comment," a Broadcom spokesperson told the Business Journal. Smith Micro Raises $5.5M Aliso Viejo-based Smith Micro Software Inc. raised $5.5 million after selling more than 6.8 million shares of common stock to accredited investors in a private placement, according to a filing with the SEC. The company ended the second quarter with about $6.2 million in cash and short-term investments, down from $14.7 million a year earlier.