Security News > 2022 > March > Fortinet says it’s all about the security ASICs

As security and networking converge, Fortinet CEO Ken Xie said the company he co-founded will win this particular $200bn market with its custom application-specific ICs, or ASIC chips.

Using its custom ASICs to accelerate security and networking tasks lowers customers' security computing costs by as much as 10x compared to using CPUs, he claimed.

"If you want to have this zero-trust environment, you have to have network security go inside the company, go inside the data center to handle both the north-south traffic and east-west traffic," Xie continued.

Fortinet has a 40 percent market share in the network security space, according to Xie.

Looking ahead to the rest of the year and beyond, Xie said he expects this network and security convergence to continue to boost Fortinet's growth.

"The network security is still two-times to three-times larger, and still a more healthy growth," he said.

News URL

https://go.theregister.com/feed/www.theregister.com/2022/03/10/fortinet_security_asics/