Leading semiconductor solutions provider Broadcom Corporation (BRCM) recently announced that it aims to target the Internet of Things (IoT) applications with a new secure processor. The StrataGX secure processor is expected to boost security, multimedia and networking capabilities of endpoint devices and payment terminals.
The new addition to the StrataGX family, the BCM58300, offers advanced hardware security, a high performance ARM Cortex A9 processor and flexible communications and user interfaces. It helps manufacturers to achieve stringent security certifications in a cost-effective manner and offers power-efficient system designs for a broad set of applications including wireless audio, industrial Ethernet applications, home automation devices and others. Also, BCM85300 provides outstanding hardware-based protection for critical user and payment data without impacting system performance.
With exponential growth of connected device, demand for security of crucial data and credentials has been of primary importance. Broadcom is expected to address these challenges by offering secure processor product line for these fast-growing applications. Broadcom continues to drive innovation and engineering excellence across a broad range of communication end markets to help its customers enhance device performance, cut down costs, and improve overall power efficiency.
Based in Irvine, CA, Broadcom is engaged in designing and marketing semiconductor components of network voice, video, and data traffic for various applications. It is well placed in the fast-growing wired and wireless communications markets, with cutting-edge solutions for a growing number of connected users who are demanding more content and bandwidth.
Broadcom currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look in the industry include Cypress Semiconductor Corporation (CY), Marvell Technology Group Ltd (MRVL) and Wi-Lan Inc (WILN), each carrying a Zacks Rank #1 (Strong Buy).