Leading semiconductor solutions provider Broadcom Corporation's (BRCM) 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.
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 (MRVL), NeoPhotonics Corporation (NPTN) and CGI Group, Inc (GIB), each carrying a Zacks Rank #2 (Buy).
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