Broadcom Introduces 60G WiMesh, Steps Up Organic Growth

Broadcom (NASDAQ:BRCM) Limited (NASDAQ:AVGO) , a leading designer, developer and global supplier of a broad range of analog and digital semiconductor connectivity solutions, recently introduced the industry’s first 60GHz wireless mesh (60G WiMesh) chipset60G WiMesh solution.

This new chipset solution is designed to enhance the functioning of wireless infrastructure applications, including mobile backhaul and wireless access points. The new chipset is based on a highly advanced steerable beamforming technology, which provides robust, cost-effective 60GHz wireless solution addressing the “last-mile problem” for wireless infrastructure.

Broadcom’s innovative 60G WiMesh technologies facilitate baseband system on chip (SoC) to connect to multiple radio frequency (RF) transceiver chips.

The growing user demand for data on-the-go globally is far outpacing the ability of service providers to add low-cost capacity through access densification. Thus, the 60Gig WiMesh solution lowers the obstacle for operators and over-the-top competitors to add larger bandwidth, at lower ownership cost than the traditional wireless backhaul. With such innovative features, the product is likely to boost the company’s top-line growth in the near future.

On May 10, 2016, the company had launched its next-generation of 5A gate drive optocoupler devices, ACPL-352J and ACNW3430, which were designed to support a wide range of industrial applications. A steady stream of such out-of-the-box products not only augments revenues but also strengthens its position in the industry.

Broadcom merged with rival Avago Technologies early this year. Headquartered in Irvine, CA, Broadcom has an extensive product portfolio, which serves multiple applications within four primary end markets, i.e., wired infrastructure, wireless communications, enterprise storage and industrial & others.

Broadcom carries a Zacks Rank #3 (Hold). Some better-ranked stocks include Exar Corp. (NYSE:EXAR) , CEVA Inc. (NASDAQ:CEVA) and Alpha & Omega Semiconductor, Ltd. (NASDAQ:AOSL) . All three stocks carry a Zacks Rank #2 (Buy).