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Thursday, Sep 12
STMicroelectronics higher following several product announcements
- Perhaps the most noteworthy announcement involves the introduction of STMicroelectronics' (STM +5.5%) Faroujda transcoding (format conversion) tech, which the chipmaker asserts is the first solution enabling "a home gateway to distribute any type of content to any type of connected device in the home."
- STM has added Faroudja support to several home gateway SoCs. It should help the company better compete against set-top/home gateway SoC rival Broadcom (BRCM +0.7%).
- STM has also announced set-top SoCs supporting UltraHD (4K) video decoding and the next-gen HEVC video-compression format. Yesterday, the chipmaker unveiled gyroscopes optimized for enabling optical image stabilization on smartphones. InvenSense (INVN +1.6%) has been working on similar gyroscopes.
- Broadcom, meanwhile is also rolling out new set-top SoCs supporting 4K and HEVC decoding. CTO Henry Samueli has declared 4K, which could provide the side benefit of boosting demand for high-performance (802.11ac) Broadcom Wi-Fi chips, to be a priority for his company.