At the beginning of July, share price in Symantec surged north as the rumour mill started turning.
It was nothing but gossip at the time, though the first rumours have turned out to be true.
Broadcom is not giving-up on semiconductors whatsoever, but it is diversifying the revenue streams.
Adding Symantec into the mix simply continues the drive towards enterprise IT.
Looking at the investor presentation, in two and a half years Broadcom has undergone considerable evolution.
After the closure of the Symantec acquisition, semiconductors will account for 71% of the total revenues, with software solutions taking the remaining 29%.
Growing awareness and numerous benefits of telematics, advancement in smartphones, high speed internet connectivity, and developed GPS receiver have changed the telematics business rapidly.
The factors such as reduction in the cost of connectivity and increasing market penetration of connected devices such as smartphones, and tablets are contributing to the burgeoning demand for connected cars.
The automotive telematics market by volume is estimated to witness a growth at a CAGR of 22.1% over the period of 2017 to 2025.Vehicular mishaps and rising occurrences of road accidents are expected to drive the global automotive telematics market through the next six years.
The market is expected to witness significant boost owing to serious concerns for minimizing human casualties and vehicular damages.
Major issues such as disoriented transits, need for effective vehicular mass transportation, and traffic congestions have occurred due to increased traffic on the road.
In case of a communication breakdown, these automotive systems are expected to tackle system failures over the forecast period owing to complete reliance on the digital networks.
(Reuters) — Chipmaker Broadcom said on Thursday it will buy antivirus software maker Symantec’s enterprise security unit for $10.7 billion in cash to scale up its software business through deals.
Shares of Symantec rose 3.6% and Broadcom 2% in extended trading.
Broadcom last year bought U.S. business software maker CA for $18.9 billion and was reportedly in talks to buy infrastructure software company Tibco, which was taken private by Vista Equity Partners for $4.3 billion in 2014.
Its push to software came after a failed attempt last year to buy mobile chipmaker Qualcomm Inc for $117 billion, which was scuttled by the Trump administration, citing national security.
“M has played a central role in Broadcom’s growth strategy and this transaction represents the next logical step in our strategy,” Broadcom Chief Executive Officer Hock Tan said.
Through a string of acquisitions, Tan has propelled the chipmaker that was worth just a few billions to a market capitalization of about $108 billion in the 13 years that he has been at the helm.
The output of both Helio P70 and Snapdragon 660 are very similar. Thanks to the better GPU, the Snapdragon 660 delivers better GPU performance. However, in the case of CPU efficiency benchmarks, Helio P70 outperforms Snapdragon 660.