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Leading semiconductor solutions provider Broadcom Corp’s (BRCM - Analyst Report) BCM7301 system on chip (SOC) product was recently selected by Tata Sky, an Indian direct-to-home satellite television provider, to provide its first MPEG-4 standard definition (SD) set-top boxes (STBs) across the country.

Tata Sky is a joint venture between Tata Group, one of India's largest business conglomerates, and Star Ventures. With Broadcom’s SOC, the satellite television provider is aiming to offer high-quality programming through its set top boxes as it facilitates cost-efficient migration from MPEG-2 to MPEG-4 compression technology.

BCM7301 is suitable for advanced security and connectivity solutions. With such technologically advanced products, Broadcom is well placed in the fast-growing wired and wireless communications markets. In addition, the company has cutting-edge solutions for a growing number of connected users who are demanding more content and bandwidth. Broadcom’s satellite set-top box devices are much more efficient and consume less power and energy.  The highly integrated solutions for the connected home, including set-top-boxes, enhance the overall experience of the subscribers.

Broadcom’s business is expected to expand on the back of growing volume of television content and interactive services available for home entertainment and information.

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 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 #3 (Hold). Other stocks that look promising and are worth a look in the industry include Marvell Technology Group Ltd (MRVL - Snapshot Report), TriQuint Semiconductor, Inc. (TQNT - Analyst Report) and NeoPhotonics Corporation (NPTN - Snapshot Report), each carrying a Zacks Rank #2 (Buy).

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