Broadcom

Broadcom to buy Symantec unit for $10.7 billion

Illustration: Aïda Amer/Axios

Broadcom on Thursday said it will buy Symantec's enterprise security business for $10.7 billion in cash. This comes just weeks after Broadcom ended talks about buying Symantec in its entirety.

The bottom line: Symantec is the world's largest provider of cybersecurity software, while Broadcom is seeking to expand beyond its core competency of chips.

Huawei rules remain murky for tech industry despite White House talks

Huawei store
Photo: Ina Fried/Axios

After a high-level White House meeting Monday between administration economic officials and key executives, major American producers of tech hardware still don't know what they can and can't sell to Huawei, China's controversial telecom giant.

Why it matters: Huawei has become a flashpoint for trade tensions and security concerns between China and the U.S., and the tech companies that do business with it have had to navigate a policy maze.