Source: Merrill Lynch, BofA, IDC The exit of Freescale and TI has left the baseband market concentrated around six vendors: Qualcomm, Mediatek, Infineon, Marvell, ST-Ericsson and Broadcom. While we expect Qualcomm to further consolidate its high market share (through an increased presence at Motorola, share gains at Nokia), we believe that emerging vendors, namely Broadcom and Mediatek [...]