Cavium, a security chipmaker in San Jose, Calif., will be purchased by Marvell Technology Group for $6 billion. It's expected that the deal will close in 2018 and that Marvell will pay $40, along with 2.1757 Marvell common shares, for each share of Cavium stock.
Amazon will release a (RED)-branded Echo to raise money for the global fight against AIDS. The limited-edition version is expected to be available Dec. 6, and the company will donate $10 of the purchase price, $99.99, to the Global Fund for every device bought.
The Justice Department has filed an antitrust lawsuit to block an $85.4 billion merger of AT&T and Time Warner. Makan Delrahim, assistant attorney general for antitrust matters, says combining the companies would weaken competition and would harm consumers by increasing the cost of video services and by stifling innovation.
The release of the iPhone X and iPhone 8 led to Apple gaining 72% of smartphone profits in the third quarter, per data from Canaccord Genuity. The company also noted that Apple is doing well globally and should see 635 million installed devices by 2017's end.
Mesh networking can centralize internet of things devices in smart homes and make them easier to manage, per Qualcomm's Connectivity Business unit lead, Rahul Patel. Carrier-class mesh networking could resolve connection issues, and Patel urges internet service providers to consider mesh networking, saying, "If you don't move fast, you lose out on the home becoming a cloud providers' and have no control over what happens in the home."
Best Buy launched its first toy catalog this year as retailers expand their product offerings to compete in the age of Amazon. As the electronics retailer touts Barbies and board games, other retailers including Target, Walmart and J.C. Penney are ramping up their holiday promotions of toys, gadgets and big-screen TVs.
Nominations open for 2018 Consumer Technology Hall of Fame
The Consumer Technology Hall of Fame honors visionaries who have made a significant impact on the consumer technology industry. Join the list of leaders and entrepreneurs who have laid the foundation for the technologies, products, services and apps that are improving lives around the world. Nominations are open until Dec. 30.
The Future of Robotics at CES 2018
Register for CES 2018 to catch our robotics-focused conference programming, The Future of Robots at Work and Home. Listen to industry leaders discuss how robotics is changing the future of technology and explore the robotics marketplace, where you can find robots that can clean up after your pet, track your sleep and more. Tune in on Dec. 19 for the CES Tech Talks podcast on robotics and AI at CES 2018.
CTA earns US Department of Commerce endorsement for CES Asia 2018
The Consumer Technology Association (CTA)™ announced that the United States Department of Commerce (USDOC) has granted Trade Fair Certification for CES Asia 2018. This certification is a formal federal endorsement of CES Asia as a recognized opportunity to showcase U.S. products and services. It is granted by the USDOC, which will provide promotional outreach to expand U.S. exhibitor participation. The Trade Fair Certification creates public-private partnerships to increase U.S. exports and to expand U.S. participation in international tradeshows. Visit CESAsia.com for more information.
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