Leading semiconductor solutions provider Broadcom Corp’s BCM7358HD and BCM7301SD system-on-chips (SOC) were recently selected by Dish TV India Ltd, a leading Indian direct broadcast satellite television provider, to support its high-definition content offerings.
Dish TV India boasts a large distribution network with more than 400 channels and 15 million subscribers on its platform. These SOCs support variety of advanced security and connectivity solutions and are used to power new generation of USB-based Digital Video Recorders (DVR). With Broadcom’s SOCs, the satellite television provider is aiming to offer a cost-efficient platform, while maintaining high-quality features and performance.
Demand for high-definition contents has been continuously moving north as more and more consumers are moving to high-definition televisions. 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. With the help of Broadcom’s SOCs, Dish TV is likely to further strengthen its leadership position in the direct-to-home market.
This is also Broadcom’s second such deal in India in this month. Earlier, BCM7301 was 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.
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 - Free Report) , TriQuint Semiconductor, Inc. and NeoPhotonics Corporation (NPTN - Free Report) , each carrying a Zacks Rank #2 (Buy).