Leading semiconductor solutions provider
) 5G WiFi was selected by Wi-Fi Alliance, an association that
promotes Wi-Fi technology and certifies Wi-Fi products, for its
Wi-Fi CERTIFIED ac test suite. Based on the wireless computing
standard IEEE 802.11ac, Wi-Fi CERTIFIED ac is the latest
certification program from Wi-Fi Alliance. The latest test suite
will be using Broadcom's BCM4360 chip for validating
interoperability of various products.
BROADCOM CORP-A (BRCM): Free Stock Analysis
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5G WiFi technology is being globally adopted across various
product segments. IEEE 802.11ac standard for 5G WiFi delivers
reliable and faster Internet speeds, faster file transfers and a
more effective way of power line communications. Banking on
improved networking solutions, the new technology supports
high-resolution Internet video, online gaming and offers broad
coverage. The higher capacity and improved power management with
Wi-Fi CERTIFIED ac suite is likely to be perfectly suitable for
new products and services.
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
market share. The 5G WiFi solutions for all product segments
include the BCM4335 combo chip, which is suitable for
smartphones and tablets and other connected devices.
Based in Irvine, Calif., Broadcom is engaged in designing and
marketing semiconductor components of network voice, video, and
data traffic for various applications. In the last reported
quarter, Broadcom reported total revenues of $2.0 billion, up
11.1% year over year.
Broadcom currently has a Zacks Rank #3 (Hold). Other stocks that
look promising and are worth a look in the industry include
Marvell Technology Group Ltd
CGI Group, Inc
), each carrying a Zacks Rank #2 (Buy).