To most tech enthusiasts, Broadcom Corporation (NASDAQ:BRCM) is known just as an Apple Inc. (NASDAQ:AAPL) supplier. For the curious investors, though, that start to peel back the covers on this chip maker, there are many bullish growth drivers in addition to its Cupertino connection.
Earlier this week, we discussed some recent comments made by Broadcom’s CEO (see the full recap here on Insider Monkey) on the subject of its 5G WiFi chip technology. Scott McGregor had quite a bit to say, but to break it down simply, the head honcho shared that he predicts “probably by the end of the year you’ll see most of high-end smartphones carrying 5G WiFi.” While he didn’t mention Apple Inc. (NASDAQ:AAPL) specifically, the CEO did say that his company has a “pretty good share in both Apple and Samsung,” calling the relationships “agnostic.”
According to the company itself, Broadcom’s newest 5G WiFi chips are three times faster and six times more efficient than previous 802.11an technology; Apple Inc. (NASDAQ:AAPL) uses a slight variant of the latter in its iPhone 5.
Worth mentioning is that the 802.11ac format, which is what Broadcom’s 5G WiFi chip is based off of, is on the doorstep of industry standardization. Still, Broadcom was the first to publicly introduce the product last year, and was making some headway at the CES conference recently.
Though Apple Inc. (NASDAQ:AAPL) was not involved in the widely covered tech event, Broadcom did make a few major announcements. Continue reading to see what they were…