Leading semiconductor solutions provider Broadcom Corporation (BRCM) recently introduced the 2X2 MIMO 5G WiFi combo chip technology in the Smart 4K Mi TV2 from Xiaomi – a leading Chinese innovator.
Based on the IEEE 802.11ac standard, Broadcom 5G WiFi combo solutions are an ideal fit for connected home devices. The highly integrated solutions with innovative features from Broadcom are expected to enhance the home entertainment experience of the Chinese consumers while reducing overall costs. As per a recent report, the demand for Smart Tvs is expected to increase manifold and approximately 85% of all LCD TVs will be Smart TVs by 2018. By combining the design expertise with leading technological solutions, Xiaomi has elevated the standards of the Smart TV performance and aims to deliver brilliant picture quality, superior gaming features and HD movies and on-demand over-the-top (OTT) content choices.
Broadcom’s 5G WiFi (802.11ac) solutions are being globally adopted across various product segments and deliver reliable and faster Internet speed and are considered effective for power line communications, providing eight times the capacity and broader coverage for devices. Banking on improved networking solutions, the new technology supports high-resolution Internet video, online gaming and effortless connectivity with mobile devices. The higher capacity and improved power management enhances the performance for all WiFi certified devices like mobile phones, tablets, PCs and Smart TVs.
Broadcom is well placed in the fast-growing wired and wireless communications markets, with cutting-edge solutions for a growing number of connected users who are demanding more content and bandwidth.
Based in Irvine, CA, Broadcom is engaged in designing and marketing semiconductor components of network voice, video, and data traffic for various applications.
Broadcom currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look in the industry include Cypress Semiconductor Corporation (CY) that carries a Zacks Rank #1 (Strong Buy), and Marvell Technology Group Ltd (MRVL) and TriQuint Semiconductor, Inc. (TQNT), both carrying a Zacks Rank #2 (Buy).
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