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Broadcom Corp. (BRCM - Analyst Report) recently announced new industry-leading chipsets that enable operators and Original equipment manufacturers (OEMs) to introduce UltraHD subscriber hardware and content. The new cable and satellite system on chip (SoC) add support to latest video compression standard.

Broadcom is focused on innovating technologies related to connectivity, bandwidth and content, which enable it to capture a sizeable market share. These new set-top box (STB) devices integrate support for advanced high-efficiency video codec (HEVC) standard H.265 that allows existing data networks to better utilize the higher throughput required for Ultra HD content.

As a leading player in the industry, Broadcom is committed to support customer requirements and drive new opportunities for the introduction and expansion of multi-screen and multi-headed services. The service providers with limited broadband capacity also stand to gain by leveraging the higher bandwidth efficiency and thereby expanding their video subscriber base by deploying HEVC-enabled set-top boxes.

Broadcom 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.

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 #4 (Sell). Other stocks that look promising and are worth a look in the industry include Nitto Denko Corp. (NDEKY), carrying a Zacks Rank #1 (Strong Buy), Cypress Semiconductor Corp. (CY - Analyst Report) and TriQuint Semiconductor, Inc. (TQNT - Analyst Report), both carrying a Zacks Rank #2 (Buy).

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