Leading semiconductor solution provider Broadcom Corporation BRCM announced that KT Corporation recently deployed its small cell system-on-chip (SoC) devices to enhance high speed 4G LTE (Long-Term Evolution) wireless broadband services. KT Corp. is a Korean telecommunications and Internet firm that has led the development of the information and communications industries in the country since its inception in 1981.
The 617XX chipset of Broadcom has enabled it to extend its 3G leadership with LTE multimode advanced small cell SOC's for enterprise and residential deployments. The highly-integrated devices are likely to help the Korean operator to increase its mobile coverage and capacity for outdoor and indoor environments. Broadcom's low-power small cell technology also helps operators to address increasing capacity demands in a cost-effective manner with better coverage.
The operators are increasingly leveraging small cells SOC devices to support growth in cellular data traffic. As per ABI Research, the small cell equipment market is expected to reach $5 billion by 2018.
Broadcom continues to drive innovation and engineering excellence across a broad range of communication end markets to help its customers enhance device performance and improve the overall power efficiency. The innovative technologies related to connectivity, bandwidth and content enable the company to capture a sizeable market share.
Based in Irvine, CA, Broadcom is engaged in designing and marketing semiconductor components of network voice, video, and data traffic for various applications. The company continues to drive innovation and engineering excellence across a broad range of communication end markets to help its customers enhance device performance and overall efficiency.
Broadcom currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look include Nitto Denko Corp. NDEKY, DSP Group Inc. DSPG and Freescale Semiconductor, Ltd. FSL carrying a Zacks Rank #1 (Strong Buy).
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