Broadcom Corporation (BRCM) recently announced new 5G WiFi chips and system-on-chip (SoC) devices for high performance and mass market retail routers, wireless cable and set-top boxes (STBs). The expanded portfolio also includes BCM53573 and BCM47189 SoCs for mid-tier residential routers, wireless repeaters and power line.
These chips will complement the company’s full line of 5G WiFi 802.11ac solutions. The world's fastest 4×4 Multi-User Multiple Input Multiple Output (MU-MIMO) chip is expected to deliver remarkable improvement in wireless video streaming. With the ever-growing demand for wireless connectivity, there is increasing reliance on wireless networks, which in turn, pressure the legacy of 802.11ac networks.
As per a research report, the 802.11ac access points are expected to reach nearly 60% of consumer Wi-Fi equipment shipments in 2016. The new 802.11ac offerings enable OEMs (Original Equipment Manufacturers) to meet the growing consumer demand to stream faster HD content between devices and simultaneously connect more wireless devices to home and enterprise networks.
Broadcom is well positioned in the fast-growing wired and wireless communications markets, and provides cutting-edge solutions for a growing number of connected users, who are demanding more content and bandwidth. The innovative technologies related to connectivity, bandwidth and content enable the company to capture 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 #2 (Buy). Other stocks that look promising and are worth a look include Nitto Denko Corp. (NDEKY) and Skyworks Solutions Inc (SWKS), both carrying a Zacks Rank #1 (Strong Buy), and Cypress Semiconductor Corp. (CY) carrying a Zacks Rank #2 (Buy).
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