Broadcom Corporation (BRCM) to Join LTE Race: QUALCOMM, Inc. (QCOM), NVIDIA Corporation (NVDA)

Bottom Line

After some years of industry dominance by Qualcomm, several competitors are introducing technology which is meant to challenge the chip giant’s position. Broadcom has unveiled an LTE chipset of its own, indicating that the company is ready to enter the high-speed wireless chipset battle. It remains to be seen how well this new chipset is able to compete with alternatives, as it is only scheduled to begin production in 2014, but it is clear that Qualcomm is no longer alone. Based on valuations, Broadcom looks a little cheaper than its competitors based on forward P/E, which may provide the stock with some upside for the year.

The article Broadcom to Join LTE Race originally appeared on Fool.com and is written by Daniel James.

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