Broadcom Corporation (NASDAQ: BRCM), a global innovation leader in semiconductor solutions for wired and wireless communications, today introduced a turnkey reference platform designed to help OEMs rapidly develop a portfolio of affordable 4G LTE mobile devices. This new platform is targeted at the rapidly growing sub $300 LTE smartphone market. For more news, visit Broadcom's Newsroom.

Broadcom's fifth generation turnkey platform supports Android KitKat and utilizes the company's pin-to-pin compatible dual-core M320 or upcoming quad-core M340 LTE SoC and best-in-class connectivity and location technology. With complete design reuse between dual-core and quad-core basebands, OEMs can develop multiple devices with the same platform design while lowering engineering costs and accelerating time to market. Certification by leading carriers worldwide and Category 4 (Cat 4) speeds in FDD-LTE and TD-LTE modes enable OEMs to deliver high-performance smartphones with seamless worldwide roaming capabilities.

LTE delivers a significantly enhanced browsing and streaming experience. In fact, LTE users consume 1.5GB of data per month on average - almost twice the average amount consumed by non-LTE users[1]. By offering a turnkey LTE design with 5G Wi-Fi, Bluetooth, location and near field communication (NFC) technologies, Broadcom is enabling consumers around the world to experience faster browsing, shorter download times and more reliable video streaming at unprecedented price points.

"We project that the LTE baseband market will register about 64 percent year-on-year growth in 2014 to reach over 500 million units," said Sravan Kundojjala, Senior Analyst, Handset Component Technologies service at Strategy Analytics. "Broadcom is one of the only players with a mature carrier-ready multimode LTE SoC, the engineering expertise and the worldwide scale required to deploy complete LTE platforms. The new Broadcom turnkey design will help accelerate the adoption of LTE worldwide and make high-performance, yet affordable devices available to the broader market."

"Broadcom's turnkey team achieved a design with a very low cost bill of material (RBOM) to enable handset companies to quickly and efficiently take Broadcom's LTE solutions to market," said Robert Rango, Executive Vice President and General Manager, Mobile and Wireless Group. "In addition, this turnkey design is flexible and allows OEMs to build a wide range of LTE handsets."