Shares of Applied Materials, Inc. (NASDAQ:AMAT) ended Tuesday session in green amid volatile trading. The shares closed up +0.09 points or 0.30% at $30.39 with 13.90 million shares getting traded. Post opening the session at $30.60, the shares hit an intraday low of $30.19 and an intraday high of $30.71 and the price vacillated in this range throughout the day. The company has a market cap of $33.12 billion and the numbers of outstanding shares have been calculated to be 1.08 billion shares.
On September 19, 2016 Applied Materials, Inc. and the Institute of Microelectronics (IME), a world-renowned research institute under the Agency for Science, Technology and Research (A*STAR), announced a five-year extension of their research collaboration at the Centre of Excellence in Advanced Packaging in Singapore. The organizations will expand the scope of their R&D collaboration to focus on advancing Fan-Out Wafer-Level Packaging (FOWLP), a key technology inflection expected to help make chips and end-user devices smaller, faster and more power efficient.
With an anticipated additional S$188 million of combined investment, the Centre will expand to a second location at Fusionopolis 2, in addition to the existing facility at Singapore’s Science Park II. The two facilities combined will span an area of approximately 1,700 square meters and be staffed by a team of close to 100 researchers, scientists and engineers. The Centre was built to develop new capabilities in advanced packaging through a full line of Applied Materials’ Wafer-Level Packaging (WLP) processing equipment, and has successfully delivered advancements in semiconductor hardware, process and device structures.
“Our collaboration with A*STAR over the past five years has been instrumental in establishing Applied Materials’ presence in Singapore and building up our R&D capabilities,” said Russell Tham, Regional President, Applied Materials South East Asia. “With the entire R&D value stream from ideation to product development being carried out locally via this joint lab, the expansion will further Applied Materials’ development of new technologies and products for global markets, while remaining a key contributor to Singapore’s innovation economy.”
Shares of Symantec Corporation (NASDAQ:SYMC) ended Tuesday session in red amid volatile trading. The shares closed down -0.13 points or -0.52% at $24.71 with 12.87 million shares getting traded. Post opening the session at $XXX, the shares hit an intraday low of $24.52 and an intraday high of $25.08 and the price vacillated in this range throughout the day. The company has a market cap of $15.15 billion and the numbers of outstanding shares have been calculated to be 615.59 million shares.
Symantec Corporation (SYMC) on September 13, 2016 introduced Symantec Endpoint Protection Cloud, a new solution for small and mid-sized businesses (SMBs) to protect them from targeted attacks and ransomware. According to the latest Symantec Internet Security Threat Report, 65 percent of all targeted attacks struck small and mid-sized organizations in 2015 to steal valuable company information. Symantec Endpoint Protection Cloud gives SMB owners enterprise-grade protection in a solution that can be set up in less than five minutes and operated by someone with general IT knowledge.
Symantec Endpoint Protection Cloud is for organizations with fewer than 1,000 employees that are looking for an effective way to protect corporate and personal devices on the corporate network. Gartner indicated that by 2018, 95 percent of global enterprises will have both a Choose Your Own Device (CYOD) and a formal Bring Your Own Device (BYOD) plan in place. This expected flood of new devices will put increasing pressure on businesses with limited IT resources.
“Attackers no longer aim just for the Fortune 500. Small and mid-sized business owners must adopt the same vigilance against advanced attacks and deploy the same modern defense capabilities found in enterprise solutions like machine learning to protect their businesses,” said Javed Hasan, vice president of engineering at Symantec. “With Symantec Endpoint Protection Cloud, we’re providing a cloud-based solution with all the features necessary to keep our SMB customers’ information secure without over-taxing already stretched IT departments.”