) recently announced a new line of in-vehicle high-speed
connectivity and content streaming wireless chips for use in
automotive infotainment applications. With the 5G WiFi and
Bluetooth Smart Ready technology, Broadcom's wireless automotive
chips pave way for passengers to sync content from their portable
devices to the vehicle's infotainment system. They can also
stream content to the rear-seat displays.
The smart remote allows drivers to use their smartphones to
adjust seat, temperature and infotainment settings while
providing important data on automotive performance. This move
expands Broadcom's footprint in the fast-growing connected car
market. Using the IEEE 802.11ac standard, the integrated 5G
WiFi technology provides the bandwidth required for multiple
in-car displays and high speed connectivity. The Bluetooth Smart
Ready technology allows products to take power at an incremental
rate, thus enabling connectivity between the car and wearable
tech and body sensors. The Bluetooth smart Integrated Chips (ICs)
are likely to grow 10x by 2018.
Industry experts further expect the use of in-car Wi-Fi-enabled
applications to grow eightfold by 2019 as car makers leverage the
latest technologies. Every car is expected to be connected by
2025, while 30 billion devices are expected to be wirelessly
connected by 2020 and the automotive wireless market is expected
to reach $1.6 billion by 2018. With sophisticated products for
the latest infotainment applications, Broadcom is well-poised to
capitalize on this exponential growth in the industry.
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 overall power
efficiency. The innovative technologies related to connectivity,
bandwidth and content enable the company to capture a sizeable
Based in Irvine, Calif., 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
Nitto Denko Corporation
Ubiquiti Networks, Inc
), each carrying a Zacks Rank #1 (Strong Buy), and
), which carries a Zacks Rank #2 (Buy).
BROADCOM CORP-A (BRCM): Free Stock Analysis
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NITTO DENKO CP (NDEKY): Get Free Report
UBIQUITI NETWRK (UBNT): Free Stock Analysis
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