Broadcom Unveils 7nm IP for Deep Learning ASIC Platform

Broadcom Limited AVGO recently announced the first-ever silicon-proven 7nm intellectual property (IP) targeting application-specific integrated circuit (ASIC) platform for deep learning and networking. Higher dollar content at the company's large North American smartphone customer's (Apple) next-gen platform (iPhone) is also a positive for the company. Robust industrial re-sales are also tailwinds. Notably, the company's recent acquisition of Brocade Communications Systems is expected to boost Broadcom's position in the storage area networking space. The latter has already turned down the recent takeover bid of $130-billion (includes $25 billion of net debt) on grounds of inadequacy as it is currently a leading player in the chipset market. However, the company is planning to raise the bid amount for Qualcomm, per Reuters.