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Leading semiconductor solutions provider Broadcom Corp’s (BRCM - Analyst Report) 5G WiFi technology was recently adopted by Sharp Corporation (SHCAY) for its new NTT DOCOMO smartphone. Adding to the expanding ecosystem of 5G WiFi products, Sharp’s AQUOS PHONE ZETA SH-06E is powered by the BCM4335 integrated chip that provides customers with a better networking experience.

5G WiFi technology is being globally adopted across mobile, home, office networking and many other product segments.IEEE 802.11ac, a wireless computing standard based on  5G WiFi, delivers delivers reliable and faster Internet speeds and more effective way of power line communications, reducing power consumption by 83% in mobile devices. Banking on improved networking solutions, the new technology supports Internet video, online gaming and offers broad coverage with fewer dead spots.

Broadcom is focused on innovating technologies related to connectivity, bandwidth and content, which enable it to capture a sizeable market share. The 5G WiFi technology is relatively better in comparison to the current 802.11n standard, due to which it is increasing in popularity and usage. It is expected that approximately half of the smartphones shipped by 2014 will be 802.11ac enabled. Broadcom can further sign up profitable deals with other leading telecom companies based on its product offerings and provide improved wireless experience.

Based in Irvine, Calif., Broadcom is engaged in designing and marketing semiconductor components of network voice, video, and data traffic for various applications. The company continues to deliver 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 #3 (Hold). Other stocks that look promising and are worth a look are Marvell Technology Group Ltd (MRVL - Snapshot Report) and NeoPhotonics Corporation (NPTN - Snapshot Report), both carrying a Zacks Rank #2 (Buy).

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