Chip maker Broadcom said Sunday that it will pay US$41.9 million for SC Square, a move that will bring expertise in smart-card security to the Irvine, California, architect of silicon for communications equipment. Chip maker Broadcom said Sunday that it will pay US$41.9 million for SC Square, a move that will bring expertise in smart-card security to the Irvine, California, architect of silicon for communications equipment.Broadcom’s cash purchase of the Israeli security software firm, which is subject to unspecified closing conditions, is expected to close by June 30, Broadcom said.SC Square’s website says the Tel Aviv company’s security work is focused on smart cards used in e-health, ID cards, passports, banking and credit cards. Its products include the Apollo smart card OS.Broadcom’s revenue for 2010 was $6.82 billion, up 52 percent from the previous year — a result that also propelled it into Gartner’s list of the top-ten chip companies for 2010. The fabless semiconductor company reported net income of $1.08 billion for the year. It said today that it expects the acquisition to be dilutive to earnings for the remainder of 2011 by approximately $0.01. The buy joins a string of recent cash acquisitions by Broadcom. Last month, it completed its $313 million purchase of Provigent, which provides chips for microwave backhaul systems. In the last quarter of 2010, it picked up a trio of SOC (system-on-a-chip) developers, paying $75 million Gigle Networks, which focuses on home networking over power lines; $316 million for Beceem Communications, which develops SOC solutions for LTE and WiMAX; and $86 million for Percello, which works on SOCs for femtocells. Related content news North Korean hackers mix code from proven malware campaigns to avoid detection Threat actors are combining RustBucket loader with KandyKorn payload to effect an evasive and persistent RAT attack. By Shweta Sharma Nov 28, 2023 3 mins Malware feature How a digital design firm navigated its SOC 2 audit L+R's pursuit of SOC 2 certification was complicated by hardware inadequacies and its early adoption of AI, but a successful audit has provided security and business benefits. By Alex Levin Nov 28, 2023 11 mins Certifications Compliance news GE investigates alleged data breach into confidential projects: Report General Electric has confirmed that it has started an investigation into the data breach claims made by IntelBroker. By Shweta Sharma Nov 27, 2023 3 mins Data Breach opinion A year after ChatGPT’s debut, is GenAI a boon or the bane of the CISO’s existence? You can try to keep the flood of generative AI at bay but embracing it with proper vigilance is likely the best hope to maintain control and prevent the scourge of it becoming shadow AI. By Christopher Burgess Nov 27, 2023 6 mins Generative AI Data and Information Security Security Practices Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe