Leading semiconductor solutions provider Broadcom Corp’s (BRCM) high-efficiency video codec (:HEVC)-enabled system-on-chip (SoC) technology received a big boost when global telecommunications provider Telefonica selected it to deliver Ultra High Definition (Ultra HD) Internet Protocol Television (IPTV) broadcasts.
Broadcom is focused on innovating technologies related to connectivity, bandwidth and content, which enable it to capture a sizeable market share. The SoC technology powered with HEVC will facilitate the transmission of 4K content by reducing bandwidth usage by 50%.
The service providers with limited broadband capacity also stand to gain by leveraging the higher bandwidth efficiency and thereby expanding their video subscriber base. The SoC technology enables efficient operator content delivery for increased footprint, higher resolution and/or additional channels. It also offers crystal clear and lifelike picture quality to enhance the TV viewing experience of the subscribers globally.
Broadcom is a premier semiconductor manufacturer in the fast-growing wired and wireless communications markets. The company has 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. 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 in the industry include TriQuint Semiconductor, Inc. (TQNT) and Cypress Semiconductor Corp. (CY), both carrying a Zacks Rank #1 (Strong Buy) and DSP Group Inc. (DSPG), carrying a Zacks Rank #2 (Buy).