Leading semiconductor solutions provider Broadcom Corporation's (BRCM - Analyst Report) Wireless Internet Connectivity for Embedded Devices (WICED) Wi-Fi technology has been selected by consumer electronics firm Netatmo for its new smartphone-controlled thermostat.
Netatmo will use Broadcom's WICED Wi-Fi to connect its Thermostat to a smartphone application, providing users the ease of controlling home temperatures. The Netatmo Thermostat adapts itself to the user's lifestyle and adjusts automatically to provide optimal temperatures at anytime of the day.
Broadcom’s WICED platform speeds up the time-to-market for an extensive range of Internet of Things (IoT) innovations by offering simplified implementation of wireless connectivity to original equipment manufacturers (OEMs) like Netatmo.
Evolution of the IoT heralds considerable growth opportunities in a wide range of end-market segments. By 2020, revenues of around $35 billion are expected from smart appliances.
Broadcom is a premier semiconductor manufacturer in the fast-growing wired and wireless communications markets. The company has cutting-edge solutions for a growing number of connected users who are demanding more content and bandwidth. The WICED portfolio provides the foundation for embedding low power, high-performance wireless connectivity into smart devices and the Internet.
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 #2 (Buy). Other stocks that look promising and are worth a look in the industry include TriQuint Semiconductor, Inc and Cypress Semiconductor Corporation (CY - Analyst Report), both carrying a Zacks Rank #1 (Strong Buy) and DSP Group Inc. (DSPG - Snapshot Report) carrying a Zacks Rank #2 (Buy).