Leading semiconductor solutions provider Broadcom Corporation's (BRCM) high definition (HD) set-top box system-on-chip (SoC) was recently selected by Chinese cable network services provider Inspur Group to deliver cost-effective cable services to its subscribers.
Broadcom's BCM7583 HD SoC will be the first deployment by the semiconductor company in the growing Chinese market. Broadcom’s satellite set-top boxes consume less power and enhance the overall experience of the subscribers. The integrated full band provides advanced remote diagnostics which help operators to reduce costs.
The cost-optimized system on chips deliver advanced multi-tuner experiences for cable systems globally. It helps cable operators to offer both broadband Internet access and video on demand services. Broadcom’s business is expected to expand on the back of growing volume of television content and interactive services available for home entertainment.
Analysts expect the Asia Pacific region to add 420 million new pay TV households by 2018 and the largest telecom operators in China are actively deploying technologies to deliver these services in key markets.
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. This innovative technology related to connectivity, bandwidth and content enables the company to capture a 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.
Broadcom currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look in the industry include Netgear Inc. (NTGR) and Silicom Ltd. (SILC), both carrying a Zacks Rank #1 (Strong Buy), and Allot Communications Ltd (ALLT) carrying a Zacks Rank #2 (Buy).