Showing posts with label Broadcom. Show all posts
Showing posts with label Broadcom. Show all posts

Thursday, January 11, 2018

Broadcom's 12.8 Tbps Tomahawk 3 in perspective

Broadcom describes its Tomahawk 3 as a quantum leap in switch power and cost efficiency for next-gen hyperscale data centres. There are four arguments for this: (1) Tomahawk3 offers scalable forwarding for container networking based on rich tunneling support and support for segment routing (2) Scale-Out, Configurable Load Balancing & Multipathing, which provide traffic load adaptive capabilities in the switch (3) Broadview Gen3 network instrumentation based on in-band telemetry with per-packet timestamping and mirroring (4) 40% reduced Watt/Gbps thanks to the chip’s 16nm geometry.

Broadcom’s BroadView software generates network analytics directly from the switching silicon, providing a way for network telemetry to collected.

Tomahawk3 also brings a high-performance integrated SerDes on chip, specifically, up to 256 x 50G-PAM4/25G-NRZ Dual-Mode SerDes. This enables 50G PAM-4 Based Ethernet Speeds, including 50GbE (1-lane), 100GbE (2-lane), 200GbE (4-lane), and 400GbE (8-lane). High-density port configurations for hyperscale spine switches based on the 12.8 Tbps Tomahawk3 could be:
  •         128 x 100GE
  •         64 x 200GE
  •         32 x 400GE

Broadcom is also offering an 8.0 Tbps version of the Tomahawk3 that could be used for 100G Top-of-rack switches with the following port combinations:
  •         80 x 100GE
  •         48 x 100GE + 8 x 400GE or 16 x 200GE
  •         96 x 50GE + 8 x 400GE or 16 x 200GE


The Broadcom universe

Finally, its worth considering the wide scope of partners and customers in the Broadcom switching ecosystem.



Till this point, pretty much all the major switch OEMs/ODMs are aboard. The big cloud vendors are building their own switches in-house but with Broadcom silicon. If there has been competitive pressure for this type of switch, mostly it would be from manufacturers opting to build switching ASICs in-house rather than rely on Broadcom solution. But there are a few start-ups attempting to enter the market.

Innovium will soon launch a 12.8 Tbps switch

In March 2017, Innovium, a start-up based in San Jose, California and backed by $90 million in venture funding, announced plans for a new line of TERALYNX scalable Ethernet silicon for data centers switches with aggregate capacity options at 12.8Tbps, 9.6Tbps, 6.4Tbps and 3.2Tbps performance points. Though the chips have yet to begin shipping to our knowledge at least, in an updated blog posting this week, Innovium revealed that initial its initial systems will be available in early part of 2018 and that the company expects its customer and partners to disclose further details at that time. Innovium says it has active engagements with leading customers across all categories: Cloud, OEMs & ODMs.

Innovium’s TERALYNX silicon promises support for 10/25/40/50/100/200/400GbE Ethernet standards. It will deliver 128 ports of 100GbE, 64 ports of 200GbE or 32 ports of 400GbE in a single device.

From the Innovium Ethernet switching silicon spec sheet:
  •         12.8Tbps, 9.6Tbps, 6.4Tbps and 3.2Tbps single chip performance options at packet sizes of 300B or smaller
  •         Single flow performance of 400Gbps at 64B minimum packet size, 4x vs alternatives
  •         70MB of on-chip buffer for superior network quality, fewer packet drops and substantially lower latency compared to off-chip buffering options
  •         Up to 128 ports of 100GbE, 64 ports of 200GbE or 32 ports of 400GbE, which enable flatter networks for lower Capex and fewer hops
  •         Support for cut-through with best-in-class low latency of less than 350ns
  •         Programmable, feature-rich INNOFLEX forwarding pipeline
  •         Comprehensive layer 2/3 forwarding and flexible tunneling including MPLS
  •         Large table resources with flexible allocation across L2, IPv4 and IPv6
  •         Line-rate, standards-based programmability to add new/custom features and protocols
  •         FLASHLIGHT telemetry and analytics to enable autonomous data center networks
  •         Extensive visibility and telemetry capabilities such as sFlow, FlexMirroring along with highly customizable extra-wide counters
  •         P4-INT in-band telemetry and extensions to dramatically simplify end to end analysis
  •         Advanced analytics enable optimal resource monitoring, utilization and congestion control allowing predictive capabilities and network automation

Innovium was co-founded by Rajiv Khemani, formerly COO of Cavium; Puneet Agarwal, former Senior Director and Distinguished Engineer at Broadcom; and Mohammad Issa, previously VP Engineering at Broadcom. Its investors include Greylock Partners, Walden International, Capricorn Investment Group, S-Cubed Capital, Redline, and Qualcomm Ventures.

Barefoot is shipping a 6.5 Tbps switching chip

Barefoot Networks, a start-up based in Palo Alto, California and backed by over $130 million in venture funding including an investment from Google, is already shipping a 6.5 Tbps version of its “Tofino” user programmable switching silicon. The silicon is designed for user programmability via the open-source P4 programming language.

Barefoot has previously stated that its technology is being adopted by large enterprises and telecommunications providers to increase network performance and efficiency through leveraging programmable forwarding plane technology.

One publicly disclosed example is AT&T, which has tested Barefoot’s Tofino and In-band Network Telemetry (INT) to gain deep insight into the network down to packet-level. Barefoot stated that it has recently worked with AT&T and SnapRoute to deliver what it believes is the first real-time path and latency visualisation.

Earlier this month, Barefoot introduced “Deep Insight” software, which can run on commodity servers and in a network powered by switches based on the "Tofino" programmable switch chip to interpret, analyze and pinpoint packet telemetry. Using stateful baselining of a network's performance, the company says its software automatically filters out irrelevant data, detecting only anomalies at any time scale and with nanosecond resolution. The Deep Insight software can track the sequence of switches the packet visited along its path, the set of rules it matched upon at every switch along the way, the time it spent buffered in every switch, to the nanosecond, and the packets, flows and application that the packet shared each queue with.

Barefoot Networks was co-founded by Nick McKeown, a Stanford professor and co-founder of Nicira (acquired by VMware), Martin Izzard, Pat Bosshart, and Dan Lenoski VP Engineering. In February 2017, Barefoot named Craig Barratt as President and Chief Executive Officer.  Barratt joined Barefoot from Alphabet and Google, where he was Senior Vice President at Google and Chief Executive Officer of Alphabet’s Access business, which includes the Google Fiber broadband internet service. Prior to Google, he served as President of Qualcomm Atheros.

Tuesday, December 19, 2017

Broadcom delivers its 12.8 Tbps Tomahawk 3 switching silicon

Broadcom announced commercial shipments of its StrataXGS Tomahawk 3 Ethernet switch silicon boasting 12.8 Terabits/sec in a single device -- double that of any other switching chip currently in the market.

Tomahawk 3 paves the way for high-density, standards-based 400GbE, 200GbE, and 100GbE switching and routing for hyperscale cloud networks. The latest gen silicon is expected to be adopted by leading network equipment OEMs as well as by hyperscale cloud companies.

Third party companies cited in the product announcement included Microsoft, Alibaba, Arista Networks, Baidu, Juniper Networks, LinkedIn, Tencent, Accton, Celestica, Delta Networks, Quanta, Applied Optoelectronics, Foxconn Interconnect Technologies, Intel Silicon Photonics, and Luxtera.

The new chip, which arrives 14 months after Broadcom introduced its 6.4Tbps product generation, offers 40% lower power consumption per 100GbE switch port and up to 75% lower cost per 100GbE switch port.

Key features of the StrataXGS Tomahawk 3 Series:

  • Supports 32 x 400GbE, 64 x 200GbE, or 128 x 100GbE line-rate switching and routing on a single chip
  • Delivers 40% reduction in power per 100Gbps, and up to 75% lower cost per 100Gbps, versus alternatives
  • New, state-of-the-art, integrated 12.8Tbps shared-buffer architecture offers 3X to 5X higher incast absorption and provides the highest performance and lowest end-to-end latency for RoCEv2 based workloads
  • Broadview Gen 3 integrated network instrumentation feature set and software suite provides full visibility to network operators into packet flow behavior, traffic management state, and switch internal performance
  • Supports all packet processing and traffic management requirements for next-gen hyperscale network use cases: >2X IP route forwarding scale, 2X ECMP scale, Dynamic Load Balancing and Group Multipathing, In-Band Network Telemetry, Elephant Flow detection and re-prioritization
  • Robust connectivity using 256 instances of the best performing and longest-reach 50G PAM-4 integrated SerDes core, enabling long-reach (LR) East-West optical links and Direct-Attached-Copper (DAC) in-rack cabling in the data center, fully compliant to new IEEE standards for 50/100/200/400GbE
  • Implemented on proven, high-volume 16nm process technology node, ensuring fastest time to CY2018 production network deployment for hyperscale customers 


“The Tomahawk franchise is the flagship for cutting-edge, single-chip performance and integration among Broadcom’s multi-vectored Ethernet switch silicon portfolio, tailored to the unique and rigorous demands of hyperscale data center operators,” said Ram Velaga, senior vice president and general manager, Switch Products at Broadcom. “I am proud of our world-class engineering team for innovating and delivering the 12.8Tbps Tomahawk 3 chip in a record 14 months after we released Tomahawk 2. We’ve applied great focus and diligence working with our hyperscale customers to ensure this product is the ideal fit for their upcoming high-radix 100/400GbE deployments and aggressive Terabit-per-dollar and Terabit-per-Watt targets. Broadcom is proving yet again that customers can rely on us to lead the industry on switch silicon performance and execution at every generation.”

Thursday, December 7, 2017

Broadcom hits revenue of $4.8 billion, up 9%

Broadcom reported Q4 2017 revenue of $4,844 million, an increase of 9 percent from $4,463 million in the previous quarter and an increase of 17 percent from $4,136 million in the same quarter last year.

Gross margin was $2,383 million, or 49.2 percent of net revenue, compared with gross margin of $2,149 million, or 48.2 percent of net revenue, in the prior quarter, and gross margin of $2,171 million, or 52.5 percent of net revenue, in the same quarter last year.

“On the heels of very strong fiscal 2017 financial results, and continuing momentum into the new fiscal year, we are increasing capital returns to our shareholders and have raised our interim quarterly dividend by 72%,” said Hock Tan, President and CEO of Broadcom Limited. “We also closed the acquisition of Brocade early in the first fiscal quarter of 2018, adding to our very successful track record of highly accretive M&A.”

Monday, December 4, 2017

Broadcom nominates 11 directors for Qualcomm's Board

Broadcom notified Qualcomm of its intention to nominate a slate of 11 individuals for election to Qualcomm's Board of Directors and to propose certain other matters for the consideration of Qualcomm stockholders at Qualcomm's 2018 Annual Meeting of Stockholders.  The nominated directors are:

  • Samih Elhage, former President of the Mobile Networks Business Group of Nokia Corporation. Previously held the role of Chief Financial and Operating Officer of Nokia Siemens Networks and Nokia Networks, subsidiaries of Nokia. Also served on the Boards of Alcatel-Lucent Corporation, Alcatel Shanghai Bell, and Quickplay Media Inc.
  • Raul J. Fernandez, Vice Chairman of Monumental Sports & Entertainment and former Chairman and CEO of ObjectVideo, Inc. Also served as CEO of Dimension Data North America and as Chairman, CEO and President of Proxicom, Inc. Serves on the Boards of AtSite, Inc. and Perfect Sense, Inc., and previously served as a Director of Kate Spade & Company.
  • Michael S. Geltzeiler, consultant for Temasek Holdings. Previously served as Senior Vice President and CFO of ADT Corporation and before that, CFO and Group Executive Vice President at NYSE Euronext. 
  • Stephen J. Girsky, Managing Partner of VectoIQ, an independent advisory firm. Previously served in a number of capacities at General Motors, including Vice Chairman. Serves on the Boards of United States Steel Corporation, Brookfield Business Partners, Drive.ai, and Valens Semiconductor Ltd. Previously served as a Director of GM following its emergence from bankruptcy and as Lead Independent Director of Dana Holdings Corp.
  • David G. Golden, Managing Partner at Revolution Ventures. Previously spent 18 years at J.P. Morgan, including five years as Vice Chairman and Director of technology, media and telecommunications investment banking. Serves on the Boards of Barnes & Noble Education, Inc. and Blackbaud, Inc. Previously served as a Director of Everyday Health, Inc. and Barnes & Noble, Inc. 
  • Veronica M. Hagen, retired President and CEO of Polymer Group, Inc. (later renamed AVINTIV Specialty Materials Inc). Also served as President and CEO of Sappi Fine Paper and held multiple positions at Alcoa, including Vice President and Chief Customer Officer and business unit president of Alcoa Engineered Products. Serves on the Boards of Newmont Mining Corporation, the Southern Company, and American Water Works Company, Inc. Previously served as a Director of AVINTIV, Jacuzzi Brands, Inc., and Covanta.
  • Julie A. Hill, owner of The Hill Company. Serves on the Board of Anthem, Inc. and was a Director of WellPoint Health Networks Inc. prior to its merger with Anthem. Has been a trustee of the Lord Abbett Family of Mutual Funds since 2004 and previously served as a Director of Lend Lease, Ltd., Resources Connection, Inc., and Holcim US. 
  • John H. Kispert, Managing Partner of Black Diamond Ventures. Previously served as President and CEO and a Director of Spansion, Inc. through its merger with Cypress Semiconductor Corporation. Serves on the Boards of Gigamon Inc. and Barracuda Networks, Inc. Previously served as a Director of Cypress, TriNet Group, Inc., and Extreme Networks, Inc., where he was Chairman. 
  • Gregorio Reyes, former Director and Chairman of the Boards of Dialog Semiconductor plc and LSI Corporation, and former Director of Seagate Technologies Public Limited Company. Previously was a co-founder and Chairman of Sunward Technologies Inc., Chairman and CEO of American Semiconductor Equipment Technologies, and President and CEO of National Micronetics. Held positions at National Semiconductor, Motorola, Fairchild Semiconductor, and Eaton.
  • Thomas S. Volpe, Managing Member of Volpe Investments LLC. Previously CEO of Dubai Group LLC, a diversified investment firm based in the United Arab Emirates, and before that, served as Chairman of Prudential Volpe Technology Group. Served on the Boards of Linear Technology Corporation and EFG-Hermes Holding Company.
  • Harry L. You, President, CFO and Director of GTY Technology Holdings Inc. Previously served as Executive Vice President in the Office of the Chairman of EMC Corporation. Served as CEO of BearingPoint Inc., Executive Vice President and CFO of Oracle Corporation and CFO of Accenture Ltd. Previously served as a Director of Korn/Ferry International.

Hock Tan, President and Chief Executive Officer of Broadcom, stated: "We have repeatedly attempted to engage with Qualcomm, and despite stockholder and customer support for the transaction, Qualcomm has ignored those opportunities. The nominations give Qualcomm stockholders an opportunity to voice their disappointment with Qualcomm's directors and their refusal to engage in discussions with us. In light of the significant value our proposal provides for Qualcomm stockholders, we believe Qualcomm stockholders would be better served by new independent, highly qualified nominees who are committed to maximizing value and acting in the best interests of Qualcomm stockholders."


Broadcom bids $130 billion to acquire Qualcomm

In what could become the largest tech merger to date, Broadcom announced a proposal to acquire all of the outstanding shares of Qualcomm for $70.00 per share in cash and stock, making the offer worth $130 billion in total, a 28% premium over the closing price of Qualcomm common stock on November 2, 2017

Broadcom cites the following benefits of a merged company:

  • Creates a Leading Diversified Communications Semiconductor Company: Qualcomm's cellular business is highly complementary to Broadcom's portfolio, and the combination will create a strong, global company with an impressive portfolio of technologies and products.
  • Accelerates Innovation to Deliver More Advanced Semiconductor Solutions to Global Customers: As a result of enhanced scale, reach and financial flexibility, the combined company will benefit from the ability to accelerate innovation and deliver more advanced semiconductor solutions to its broad global customer base.
  • Compelling Financial Benefits: The combined company will have an enhanced financial profile, benefiting from Broadcom's proven operating model with industry-leading margins. The combined Broadcom and Qualcomm, including NXP, will have pro forma fiscal 2017 revenues of approximately $51 billion and pro forma 2017 EBITDA of approximately $23 billion, including synergies. The transaction is expected to be accretive to Broadcom's Non-GAAP EPS in the first full year after close.

"Broadcom's proposal is compelling for stockholders and stakeholders in both companies. Our proposal provides Qualcomm stockhold

Sunday, December 3, 2017

ARRIS completes acquisition of Ruckus Wireless

ARRIS completed its previously-announced acquisition of the Ruckus Wireless and ICX Switch business from Broadcom.

When the deal was first announced in February 2017 the announced price was $800 million in cash, plus the additional cost of unvested employee stock awards, following the closing of Broadcom's acquisition of Brocade.

Ruckus Networks will operate as a dedicated business under Enterprise Networks. Its target vertical markets span hospitality, education, government, service providers, multi-dwelling / tenant units, sports / entertainment venues, and transportation centers. ARRIS said another opportunity for Ruckus is the small-cell CBRS LTE market.

Dan Rabinovitsj—previously COO of Ruckus Wireless—will lead a new ARRIS Enterprise Networks business segment.

The business will focus on the delivery of innovative, high-performance wireless and wired network infrastructure, with a robust channel-led sales strategy.

"This combination underscores our shared vision of achieving market leadership across wireless and wired networks in close partnership with our valued customers and channel partners," said Dan Rabinovitsj, President of ARRIS Enterprise Networks. "We're very excited about the collaboration opportunities across our product portfolios to enable connectivity from the office to the home and to all the places in between. Joining ARRIS means we still do what Ruckus does best, but on a larger, global scale. I'm excited to lead the Ruckus Networks team into our next stage of growth and innovation."

"I'm proud to welcome the 1,700 talented Ruckus Wireless and ICX Switch Business employees into the ARRIS family," said Bruce McClelland, ARRIS CEO. "It's an important milestone, not only for ARRIS but for our industries. Ruckus' unmatched expertise in wireless and wired networking perfectly complements our growth strategy of driving towards a constantly connected, mobile future. The acquisition brings diversification to our portfolio, building on our strength in networking and helping us to serve new verticals. Ultimately, our combined portfolios and scale will help our customers and partners deliver a smart, simple connected world for billions of people."

Broadcom completes Brocade acquisition - one year since bid


Broadcom completed its acquisition of Brocade Communications Systems. Brocade will operate as an indirect subsidiary of Broadcom and will be led by Jack Rondoni as General Manager. Previously, Rondoni served as Senior Vice President of Storage Networking at Brocade, having joined the company in 2006. "We are pleased to complete this transaction, which strengthens Broadcom's position as a leading provider of enterprise storage and networking solutions...







ARRIS to Acquire Ruckus Wireless and ICX Switch Business for $800M from Brocade

ARRIS agreed to acquire Brocade Communication Systems' Ruckus Wireless and ICX Switch business for $800 million in cash, plus the additional cost of unvested employee stock awards, following the closing of Broadcom's acquisition of Brocade.

ARRIS expects the acquisition to be accretive to its Non-GAAP earnings per share in the first 12 months. The deal is contingent on Broadcom closing its acquisition of Brocade, previously announced on November 2, 2016 and approved by Brocade shareholders on January 26, 2017. Broadcom presently expects to close the Brocade acquisition in its third fiscal quarter ending July 30, 2017.

Brocade to Acquire Ruckus Wireless for $1.5 Billion


Brocade agreed to acquire Ruckus Wireless in a deal valued at approximately $1.5 billion, consisting of $6.45 in cash and 0.75 shares of Brocade common stock for each share of Ruckus common stock. Ruckus' wireless products add to Brocade's enterprise portfolio and will also significantly strengthen Brocade's strategic presence in the broader service provider space. Ruckus has over $370 million in annual revenue and over 1,000 employees w

Sunday, November 19, 2017

Broadcom completes Brocade acquisition - one year since bid

Broadcom completed its acquisition of Brocade Communications Systems.

Brocade will operate as an indirect subsidiary of Broadcom and will be led by Jack Rondoni as General Manager. Previously, Rondoni served as Senior Vice President of Storage Networking at Brocade, having joined the company in 2006.

"We are pleased to complete this transaction, which strengthens Broadcom's position as a leading provider of enterprise storage and networking solutions and enables us to better serve our OEM customers," said Hock Tan, President and Chief Executive Officer of Broadcom. "Broadcom has a track record of successfully integrating and growing companies we acquire, enabling us to offer customers a leading portfolio of best-in-class franchises across a diverse set of technologies. We intend to invest in and grow the Brocade business to further enhance its capabilities in mission-critical storage networking."

Broadcom to Acquire Brocade for Fibre Channel Business

Broadcom agreed to acquire Brocade Communications Systems for $12.75 per share in an all-cash transaction valued at approximately $5.5 billion, plus $0.4 billion of net debt.

Broadcom plans to keep Brocade's Fibre Channel storage area network (FC SAN) switching business and divest Brocade’s IP Networking business, consisting of wireless and campus networking, data center switching and routing, and software networking solutions.

Broadcom expects to fund the transaction with new debt financing and cash available on its balance sheet.

The companies said the deal is not subject to any financing conditions, nor is it conditioned on the divestiture of Brocade’s IP Networking business.

Broadcom said key reasons for the acquisition include the profitability margin for Brocade's FC SAN business, which currently comprises vast majority of Brocade’s non-GAAP operating profit.

Extreme to Acquire Brocade's Switching Business for $55 Million

Extreme Networks agreed to acquire Brocade Communications Systems' data center switching, routing, and analytics business from Broadcom following Broadcom's acquisition of Brocade. The deal is valued at $55 million in cash, consisting of $35 million at closing and $20 million in deferred payments, as well as additional potential performance based payments to Broadcom, to be paid over a five-year term. The sale is contingent on Broadcom closing its acquisition of Brocade, previously announced on November 2, 2016 and approved by Brocade shareholders on January 26, 2017. Broadcom presently expects to close the Brocade acquisition in its third fiscal quarter ending July 30, 2017.

Monday, November 6, 2017

Broadcom bids $130 billion to acquire Qualcomm

In what could become the largest tech merger to date, Broadcom announced a proposal to acquire all of the outstanding shares of Qualcomm for $70.00 per share in cash and stock, making the offer worth $130 billion in total, a 28% premium over the closing price of Qualcomm common stock on November 2, 2017

Broadcom cites the following benefits of a merged company:

  • Creates a Leading Diversified Communications Semiconductor Company: Qualcomm's cellular business is highly complementary to Broadcom's portfolio, and the combination will create a strong, global company with an impressive portfolio of technologies and products.
  • Accelerates Innovation to Deliver More Advanced Semiconductor Solutions to Global Customers: As a result of enhanced scale, reach and financial flexibility, the combined company will benefit from the ability to accelerate innovation and deliver more advanced semiconductor solutions to its broad global customer base.
  • Compelling Financial Benefits: The combined company will have an enhanced financial profile, benefiting from Broadcom's proven operating model with industry-leading margins. The combined Broadcom and Qualcomm, including NXP, will have pro forma fiscal 2017 revenues of approximately $51 billion and pro forma 2017 EBITDA of approximately $23 billion, including synergies. The transaction is expected to be accretive to Broadcom's Non-GAAP EPS in the first full year after close.

"Broadcom's proposal is compelling for stockholders and stakeholders in both companies. Our proposal provides Qualcomm stockholders with a substantial and immediate premium in cash for their shares, as well as the opportunity to participate in the upside potential of the combined company," said Hock Tan, President and Chief Executive Officer of Broadcom. "This complementary transaction will position the combined company as a global communications leader with an impressive portfolio of technologies and products. We would not make this offer if we were not confident that our common global customers would embrace the proposed combination. With greater scale and broader product diversification, the combined company will be positioned to deliver more advanced semiconductor solutions for our global customers and drive enhanced stockholder value."

Some other notes about the offer:

  1. Hock Tan, Broadcom's CEO, discussed a merger with Qualcomm's CEO, Steve Mollenkopf, as early as August 2016. Broadcom's stock has appreciated 55% since that time.
  2. The offer stands whether or not Qualcomm consummates its acquisition of NXP
  3. Broadcom is confident it will be able to arrange the necessary debt financing for the deal
  4. Broadcom is confident it will receive all necessary regulatory approvals.


Qualcomm to Acquire NXP -- Engines for the Connected World

Qualcomm agreed to acquire all of the issued and outstanding shares of NXP for $110.00 per share in cash, representing a total enterprise value of approximately $47 billion. The deal will be financed through cash on hand and $11 billion in new debt. The companies expect total annualized synergies of $500 million within two years of close.

NXP Semiconductors N.V., which headquartered in Eindhoven, Netherlands, employs approximately 45,000 people in more than 35 countries and is known for its mixed-signal semiconductor electronics. The company was known as Philips Semiconductor prior to 2006.

Key markets include automotive, broad-based microcontrollers, secure identification, network processing and RF power. NXP has a broad customer base, serving more than 25,000 customers through its direct sales channel and global network of distribution channel partners.

For Q3 2016, NXP reported revenue of $2.469 billion, up 4.4% over a year ago, and GAAP gross profit of $1.184 billion, up 7.7% over a year ago.

The combined company is expected to have annual revenues of more than $30 billion, serviceable addressable markets of $138 billion in 2020 and leadership positions across mobile, automotive, IoT, security, RF and networking.

"With innovation and invention at our core, Qualcomm has played a critical role in driving the evolution of the mobile industry. The NXP acquisition accelerates our strategy to extend our leading mobile technology into robust new opportunities, where we will be well positioned to lead by delivering integrated semiconductor solutions at scale," said Steve Mollenkopf, CEO of Qualcomm Incorporated. "By joining Qualcomm's leading SoC capabilities and technology roadmap with NXP's leading industry sales channels and positions in automotive, security and IoT, we will be even better positioned to empower customers and consumers to realize all the benefits of the intelligently connected world."

Qualcomm also noted that the acquisition is a tax efficient use of its offshore cash.

http://investors.nxp.com/
http://www.qualcomm

Friday, November 3, 2017

Broadcom to move HQ back to U.S. from Singapore

Broadcom announced plans to re-establish itself as a U.S. corporation. It is currently domiciled in Singapore for tax purposes.

Broadcom said the redomiciliation will occur whether or not there is corporate tax reform in the United States, although the final form and timing of the redomiciliation will be affected by any corporate tax reform.

Hock Tan, Broadcom's president and CEO, announced the decision at a White House event with President Trump.

“We believe the USA presents the best place for Broadcom to create shareholder value,” said Hock Tan. “We expect the tax reform plan effectively to level the playing field for large multinational corporations headquartered in the United States and to allow us to go all in on U.S. redomiciliation.  However, we intend to redomicile to the United States even if there is no corporate tax reform.”

Thursday, August 24, 2017

Broadcom posts quarterly revenue of US$4.463 billion, up 18% yoy

Broadcom reported quarter net revenue of $4,463 million, an increase of 7 percent from $4,190 million in the previous quarter and an increase of 18 percent from $3,792 million in the same quarter last year. Gross margin was $2,149 million, or 48.2 percent of net revenue. Operating income was $648 million, or 14.5 percent of net revenue. This compares with operating income of $474 million, or 11.3 percent of net revenue, in the prior quarter, and operating loss of $264 million, or 7.0 percent of net revenue, in the same quarter last year.

“We continue to execute consistently and delivered strong financial results for our third fiscal quarter, with revenue growth of 6 percent and EPS growth of 11 percent sequentially” said Hock Tan, President and CEO of Broadcom Limited. “We are expecting revenue growth to further accelerate in the fourth fiscal quarter, led by robust content gains and seasonal strength in our wireless segment.”

http://www.broadcom.com


Wednesday, June 14, 2017

Broadcom Brings Programmable Packet Processing to Trident 3 Switching Silicon

Broadcom unveiled a new generation of its widely-deployed Trident switching silicon for data center, enterprise, and service provider networks.

The new StrataXGS Trident 3 switch family, which is aimed at networks transitioning to high density 10/25/100G Ethernet, is manufactured in 16nm and designed to support fully programmable packet processing, while achieving significant cost and power efficiency. It builds on Broadcom's widely deployed StrataXGS Trident and Tomahawk switch products by offering fully programmable, line-rate switching. It supports new protocol parsing, processing, and editing for Service Function Chaining, Network Virtualization, and SDN. It offers programmable support for new switch instrumentation capabilities such as in-band and out-of-band network telemetry. The StrataXGS Trident 3 also retains complete functional compatibility to with StrataXGS Trident 2 and Trident 2+ based networks, which were widely adopted by network equipment manufacturers.


"The innovation in our StrataXGS Trident 3 Series is in delivering a fully programmable switching pipeline while maintaining backwards compatibility to the existing install base of StrataXGS Trident and Trident 2 based networks," said Ram Velaga, senior vice president and general manager, Switch Products at Broadcom. "Rather than a blank slate, our customers want a scalable, bulletproof network data plane that is reprogrammable to address future requirements, while continuing to aggressively drive down Ethernet cost and power. With Trident 3, we’ve uniquely delivered that solution. Our customers can leverage a single development to yield a complete line of programmable switching platforms, with the same rich feature set extending all the way from the service provider edge, to the data center, converged campus core, and wiring closet.”

Broadcom said the FleXGS architecture in Trident 3 comprises of new programmable parsing, lookup, and editing engines with associated reconfigurable databases. The engines are dimensioned and arrayed to maximize parallelism, performance, functional capacity and area/power efficiency to best address the diverse and concurrent needs of today’s evolving networks.  The pipeline can be programmed to handle software-defined network virtualization and service chaining protocols, including VXLAN, GPE, NSH, Geneve, MPLS, MPLS over GRE, MPLS over UDP, GUE, Identifier Locator Addressing (ILA) and PPPoE, among others.

StrataXGS Trident 3 Switch Series Key Features

  • High density 1/2.5/5/10/25/40/50/100GbE port connectivity using best-in-class integrated 10/25Gbps NRZ SerDes
  •  Example single-chip platforms and line cards include spine and converged campus core (32x100GbE), 25/100GbE Top-of Rack (48x25GbE + 8x100GbE) and 10/100GbE Top-of-Rack (48x10GbE + 6x100GbE) 
  • 32MB on-chip, 100% fully shared packet buffer delivers up to 8X higher network burst absorption and congestion avoidance compared to previous generations
  • Large, programmable on-chip forwarding databases for L2 switching, L3 routing, label switching, and overlay forwarding
  • 3X increased ACL scale to support evolving policy/security requirements
  • PCIe Gen3 x4 host CPU interface with on-chip accelerators improves control-plane update and boot performance by up to 5X
  • Programmable support for enhanced network telemetry, including per-packet timestamping, Flow Tracker, microburst detection, latency/drop monitor, Active-probe-based in-band network telemetry, and in-band OAM processing; integrated with open-source BroadView v2 telemetry agent and analytics software
  • Dynamic, State-Based Flow Distribution provides systematic and adaptive reduction in link congestion and traffic imbalances in large-scale Layer3/ECMP leaf-spine networks
  • Adaptive Routing for dynamic traffic engineering in non-Clos topologies
  • Full feature compatibility with previous generation Trident 2 and Trident 2+ devices

The first two members of the StrataXGS Trident 3 family are currently sampling: BCM56870 (3.2 Tbps) and BCM56873 (2.0 Tbps).

http://www.broadcom.com

Wednesday, March 29, 2017

Extreme to Acquire Brocade's Switching Business for $55 Million

Extreme Networks agreed to acquire Brocade Communications Systems' data center switching, routing, and analytics business from Broadcom following Broadcom's acquisition of Brocade. The deal is valued at $55 million in cash, consisting of $35 million at closing and $20 million in deferred payments, as well as additional potential performance based payments to Broadcom, to be paid over a five-year term. The sale is contingent on Broadcom closing its acquisition of Brocade, previously announced on November 2, 2016 and approved by Brocade shareholders on January 26, 2017. Broadcom presently expects to close the Brocade acquisition in its third fiscal quarter ending July 30, 2017.

Extreme expects the acquisition to be accretive to cash flow and earnings for its fiscal year 2018 and expects to generate over $230 million in annualized revenue from the acquired assets. The acquisition is expected to close within 60 days following the closing of Broadcom's acquisition of Brocade.

"The addition of Brocade's data center networking business significantly strengthens our position in the expanding high-end data center market and reinforces our strategy of delivering software-driven networking solutions focused on enterprise customers," said Ed Meyercord, President and CEO of Extreme Networks. "As Extreme is the only pure-play end-to-end, wired and wireless enterprise IP networking company in the world, we believe Brocade's data center customers will benefit from our dedication to delivering high-quality, software-driven, secure networking solutions and the industry's highest rated customer support. Today's announcement, coupled with our recent announcements regarding our position as the stalking horse bidder of Avaya's networking business and the successful completion of the integration of Zebra's wireless LAN business, along with Extreme's organic investments in R&D, will result in a state-of-the-art, newly-refreshed portfolio of enterprise solutions for our customers.

"Moreover, this acquisition is important as it expands our commercial relationship with Broadcom," continued Meyercord. "We already have our 200 Series of value oriented switches leveraging Broadcom's FASTPATH operating system software and this transaction will only broaden our strategic partnership.  Finally, given the strong profitability of Brocade's data center business, this transaction will accelerate Extreme's objective to achieve gross margins in excess of 60%."

"Extreme is highly complementary to our data center switching, routing, and analytics business on many levels, and represents a positive outcome for our customers, partners, and employees," said Lloyd Carney, CEO of Brocade. "Our two companies have similar strategic visions and believe that innovation will increasingly be driven through software capabilities that allow customers to successfully transform their networks for digital business. Both companies are pure-play networking providers, serving the enterprise edge to the data center core. And both companies consistently demonstrate a customer-first culture, placing a high value on excellence in customer and partner support. In addition, we believe Extreme's desire to build on the innovation and momentum of our completely refreshed data center portfolio, including the new SLX family, as well as its intention to drive the ongoing success of our VDX and MLX families, will allow our customers and partners to continue to leverage the full benefits of our world-class portfolio."

http://www.extremenetworks.com
http://www.broadcom.com


  • In October 2016, Extreme Networks closed its acquisition of the wireless LAN business from Zebra Technology Corporation, which is expected to generate over $115 million in annualized revenue.

  • In March 2017, Extreme entered into an agreement with Avaya to be the stalking horse bidder to acquire its networking business in an auction process.

  • On July 21, 2008, Brocade announced a deal to acquire Foundry Networks for approximately $3 billion. Under the agreement, Brocade agreed pay a combination of $18.50 of cash plus 0.0907 shares of Brocade common stock in exchange for each share of Foundry common stock, representing a total value of $19.25 (based on Brocade's closing stock price on Friday, July 18, 2008 of $8.27). In November 2008, Brocade and Foundry Networks amended their original merger agreement. Under the revised terms, Foundry stockholders would be entitled to receive $16.50 per share in an all-cash transaction at the closing of the deal, as previously announced by the companies on Oct. 29, 2008.

Thursday, February 16, 2017

AT&T and Broadcom Enter Innovation Pact

AT&T's John Donovan and Broadcom's CEO, Hock Tan, agreed to work together to build a strategic program focused on driving innovation of network hardware, such as switching, routing, broadband access and customer premises equipment.

“By collaborating directly with Broadcom, AT&T is driving a roadmap that will help enable innovation,” said John Donovan, chief strategy officer and group president, Technology and Operations. “We continue to form relationships with disruptive suppliers as we build a software-centric network and drive the industry to software-defined networking (SDN).”

“This represents a significant milestone toward accelerating innovation in the industry,” said Hock Tan, president and CEO, Broadcom. “Both companies are committed to sustained collaboration on product and chipset roadmaps, engineering services and advanced functionality.”

http://www.att.com
http://www.broadcom.com

Wednesday, November 30, 2016

Broadcom Extends its StrataDNX Switching Portfolio

Aiming for new high volume markets and appliances at the edge of the carrier network, Broadcom announced two new product families in its StrataDNX switch portfolio. The new devices range from 30Gbps to 300Gbps and offer similar capabilities and programming models as Broadcom's flagship devices.

The newly announced StrataDNX switch family includes the following device options:

  • BCM88476 - A 300 Gbps packet processor and traffic manager including StrataDNX fabric interfaces compatible with BCM88750 and BCM88770 Fabric Elements, plus external packet buffer and table expansion. (“Kalia”)
  • BCM88470 - A single-chip packet processor and traffic manager delivering 160 to 300 Gbps of Ethernet capacity with external packet buffer and table expansion. (“Qumran-AX”)
  • BCM88270 - A small footprint single-chip packet processor and traffic manager delivering 30 to 120 Gbps of Ethernet capacity with external packet buffer expansion. (“Qumran-uX”)


Each device provides high performance carrier-grade packet processing, an integrated hierarchical traffic manager, external packet buffers with enhanced buffer management and advanced packet processing with expandable tables. Select members of the product family also provide path for expansion capabilities, with the industry leading StrataDNX switch fabric interface, and external table lookup expansion for Broadcom Knowledge Based Processors (KBP).

The Kalia, Qumran-AX & Qumran-UX families of products are complementary to Broadcom's high-capacity StrataDNX Jericho and Qumran-MX SoCs.

"With Qumran-AX & Qumran-UX we are excited to deliver StrataDNX technology to higher volume metro markets,” said Ram Velaga, senior vice president and general manager, Switch Products Group at Broadcom. “With these solutions vendors can leverage their investment in StrataDNX technology and software to span the whole carrier network with a single architecture."

Broadcom said its StrataDNX product family now offers full-suite service-provider solutions including:

  • Customer premises router / Network Interface Device (NID)
  • Passive Optical Networking (PON)
  • IP DSL Access Multiplexer (IP-DSLAM)
  • Broadband Aggregation
  • Packet Transport Node (PTN) and IP Remote Access Node (IPRAN)
  • Carrier Ethernet Switching (CES) and Switch-Routing (CESR)
  • Optical Transport Node (OTN) – both centralized and distributed

http://www.broadcom.com

Broadcom's Next StrataDNX Packs 100 Tbps of Switching Capacity


Broadcom introduced its next generation the StrataDNX ("Dune") family of switch system-on-chip (SoC) devices for optical transport, carrier Ethernet, edge and core routers, data center cloud and enterprise campus market segments. Sampling is underway. The new switching StrataDNX  silicon, like Broadcom's StrataXGS Trident and Tomahawk switchhing families, are designed to power the next wave of network equipment with a higher port density, lower...


Wednesday, November 2, 2016

Broadcom to Acquire Brocade for Fibre Channel Business

Broadcom agreed to acquire Brocade Communications Systems for $12.75 per share in an all-cash transaction valued at approximately $5.5 billion, plus $0.4 billion of net debt.

Broadcom plans to keep Brocade's Fibre Channel storage area network (FC SAN) switching business and divest Brocade’s IP Networking business, consisting of wireless and campus networking, data center switching and routing, and software networking solutions.

Broadcom expects to fund the transaction with new debt financing and cash available on its balance sheet.

The companies said the deal is not subject to any financing conditions, nor is it conditioned on the divestiture of Brocade’s IP Networking business.

Broadcom said key reasons for the acquisition include the profitability margin for Brocade's FC SAN business, which currently comprises vast majority of Brocade’s non-GAAP operating profit.

“This strategic acquisition enhances Broadcom’s position as one of the leading providers of enterprise storage connectivity solutions to OEM customers,” stated Hock Tan, President and Chief Executive Officer of Broadcom. “With deep expertise in mission-critical storage networking, Brocade increases our ability to address the evolving needs of our OEM customers. In addition, we are confident that we will find a great home for Brocade’s valuable IP networking business that will best position that business for its next phase of growth.”

“This transaction represents significant value for our shareholders, who will receive a 47% premium from the Brocade closing share price on Friday, October 28, 2016, and creates new opportunities for our customers and partners,” said Lloyd Carney, Chief Executive Officer of Brocade. “Our best-in-class FC SAN solutions will help Broadcom create one of the industry’s broadest portfolios for enterprise storage. We will work with Broadcom as it seeks to find a buyer for our IP Networking business which includes a full portfolio of open, hardware and software-based solutions spanning the core of the data center to the network edge.”

http://www.broadcom.com
http://www.brocade.com

Tuesday, October 18, 2016

Broadcom Intros OLT Silicon for XGS-PON and NGPON-2

Broadcom introduced PON OLT devices with support for the recently ratified ITU G.9807.1 XGS-PON and G.989 NGPON-2 protocols, speeding time to market for symmetric 10Gbps broadband services.

Broadcom's multi-mode BCM68620 system-on-a-chip (SoC) integrates support for both existing and next-generation fiber technologies under a common application programming interface (API), to enable a unified system software design that can be applied to all PON protocols supported by a system manufacturer. The new support for XGS-PON and NGPON2 fall under this same API umbrella, offering excellent software re-use to existing BCM68620 customers as they easily expand their PON portfolio with line cards dedicated to these new protocols.

Sampling is underway.

“Broadcom heard operators’ need for support of the new XGS-PON and NGPON2 standards in commercial silicon, and OEM requirements for simplified development, and we responded,” said Greg Fischer, senior vice president and general manager, Broadband Carrier Access, Broadcom. “Built on our proven PON OLT technologies, the updated BCM68620 family offers the industry’s only silicon platform with support for all the PON protocols ratified and shipping in volume by operators worldwide.”

http://www.broadcom.com

Tuesday, October 11, 2016

Broadcom's Tomahawk II Switch Packs 64 Ports of 100GE

Broadcom announced its StrataXGS Tomahawk II Switching chip -- the highest performance Ethernet switch to date, packing up to 64 ports 100GE or 128 ports of 50GE with SDN-optimized packet switch engines operating at 6.4 Terabits per second.

The StrataXGS Tomahawk II  Tomahawk II integrates 256 serdes running at over 25 Gbps, with large on-chip forwarding tables and packet buffer memory.  The chip supports Broadcom's next generation BroadView instrumentation and control capabilities. Tomahawk II also provides enhanced traffic load balancing, network visibility and control of traffic provisioning.

StrataXGS Tomahawk II Key Features

  • 6.4 Tbps Multilayer L2/L3/MPLS Ethernet switching
  • Support for 64 ports 100GE, or 128 ports 40GE/50GE
  • 256 x 25Gbps SERDES
  • Low Latency StrataXGS Pipeline Architecture
  • FleXGS flow processing with flexible match/action capabilities
  • Dynamic Flow Distribution for large scale Layer3/ECMP networks
  • Increased On-Chip Forwarding Databases
  • Higher Capacity Embedded Packet Buffer Memory
  • Enhanced BroadView network telemetry features
  • Comprehensive overlay and tunneling support including VXLAN, NVGRE, MPLS, SPB
  • Advanced OpenFlow support using Broadcom OF-DPA
  • 16nm process


"Our StrataXGS Tomahawk II comes just two years after Tomahawk with twice the bandwidth and resource capacity. We expect this to accelerate 100G adoption in the next wave of data centers, while delivering network scale and visibility for public/private cloud computing, storage and HPC fabrics," said Ram Velaga,  senior vice president and general manager, Switch Products at Broadcom. "Tomahawk II will leverage the 25G/100G infrastructure established with the highly successful Tomahawk line.”

http://www.broadcom.com

See also