diff --git a/drivers/devfreq/tegra30-devfreq.c b/drivers/devfreq/tegra30-devfreq.c
index 9ccde64be0a0..2d720e7e2236 100644
--- a/drivers/devfreq/tegra30-devfreq.c
+++ b/drivers/devfreq/tegra30-devfreq.c
@@ -17,6 +17,7 @@
 #include <linux/platform_device.h>
 #include <linux/pm_opp.h>
 #include <linux/reset.h>
+#include <linux/workqueue.h>
 
 #include "governor.h"
 
@@ -34,6 +35,8 @@
 #define ACTMON_DEV_CTRL_CONSECUTIVE_ABOVE_WMARK_EN		BIT(30)
 #define ACTMON_DEV_CTRL_ENB					BIT(31)
 
+#define ACTMON_DEV_CTRL_STOP					0x00000000
+
 #define ACTMON_DEV_UPPER_WMARK					0x4
 #define ACTMON_DEV_LOWER_WMARK					0x8
 #define ACTMON_DEV_INIT_AVG					0xc
@@ -159,7 +162,10 @@ struct tegra_devfreq {
 	struct clk		*emc_clock;
 	unsigned long		max_freq;
 	unsigned long		cur_freq;
-	struct notifier_block	rate_change_nb;
+	struct notifier_block	clk_rate_change_nb;
+
+	struct delayed_work	cpufreq_update_work;
+	struct notifier_block	cpu_rate_change_nb;
 
 	struct tegra_devfreq_device devices[ARRAY_SIZE(actmon_device_configs)];
 
@@ -303,22 +309,32 @@ static unsigned long actmon_cpu_to_emc_rate(struct tegra_devfreq *tegra,
 	return 0;
 }
 
+static unsigned long actmon_device_target_freq(struct tegra_devfreq *tegra,
+					       struct tegra_devfreq_device *dev)
+{
+	unsigned int avg_sustain_coef;
+	unsigned long target_freq;
+
+	target_freq = dev->avg_count / ACTMON_SAMPLING_PERIOD;
+	avg_sustain_coef = 100 * 100 / dev->config->boost_up_threshold;
+	target_freq = do_percent(target_freq, avg_sustain_coef);
+	target_freq += dev->boost_freq;
+
+	return target_freq;
+}
+
 static void actmon_update_target(struct tegra_devfreq *tegra,
 				 struct tegra_devfreq_device *dev)
 {
 	unsigned long cpu_freq = 0;
 	unsigned long static_cpu_emc_freq = 0;
-	unsigned int avg_sustain_coef;
 
 	if (dev->config->avg_dependency_threshold) {
-		cpu_freq = cpufreq_get(0);
+		cpu_freq = cpufreq_quick_get(0);
 		static_cpu_emc_freq = actmon_cpu_to_emc_rate(tegra, cpu_freq);
 	}
 
-	dev->target_freq = dev->avg_count / ACTMON_SAMPLING_PERIOD;
-	avg_sustain_coef = 100 * 100 / dev->config->boost_up_threshold;
-	dev->target_freq = do_percent(dev->target_freq, avg_sustain_coef);
-	dev->target_freq += dev->boost_freq;
+	dev->target_freq = actmon_device_target_freq(tegra, dev);
 
 	if (dev->avg_count >= dev->config->avg_dependency_threshold)
 		dev->target_freq = max(dev->target_freq, static_cpu_emc_freq);
@@ -349,8 +365,8 @@ static irqreturn_t actmon_thread_isr(int irq, void *data)
 	return handled ? IRQ_HANDLED : IRQ_NONE;
 }
 
-static int tegra_actmon_rate_notify_cb(struct notifier_block *nb,
-				       unsigned long action, void *ptr)
+static int tegra_actmon_clk_notify_cb(struct notifier_block *nb,
+				      unsigned long action, void *ptr)
 {
 	struct clk_notifier_data *data = ptr;
 	struct tegra_devfreq *tegra;
@@ -360,7 +376,7 @@ static int tegra_actmon_rate_notify_cb(struct notifier_block *nb,
 	if (action != POST_RATE_CHANGE)
 		return NOTIFY_OK;
 
-	tegra = container_of(nb, struct tegra_devfreq, rate_change_nb);
+	tegra = container_of(nb, struct tegra_devfreq, clk_rate_change_nb);
 
 	tegra->cur_freq = data->new_rate / KHZ;
 
@@ -373,6 +389,79 @@ static int tegra_actmon_rate_notify_cb(struct notifier_block *nb,
 	return NOTIFY_OK;
 }
 
+static void tegra_actmon_delayed_update(struct work_struct *work)
+{
+	struct tegra_devfreq *tegra = container_of(work, struct tegra_devfreq,
+						   cpufreq_update_work.work);
+
+	mutex_lock(&tegra->devfreq->lock);
+	update_devfreq(tegra->devfreq);
+	mutex_unlock(&tegra->devfreq->lock);
+}
+
+static unsigned long
+tegra_actmon_cpufreq_contribution(struct tegra_devfreq *tegra,
+				  unsigned int cpu_freq)
+{
+	unsigned long static_cpu_emc_freq, dev_freq;
+
+	/* check whether CPU's freq is taken into account at all */
+	if (tegra->devices[MCCPU].avg_count <
+	    tegra->devices[MCCPU].config->avg_dependency_threshold)
+		return 0;
+
+	static_cpu_emc_freq = actmon_cpu_to_emc_rate(tegra, cpu_freq);
+	dev_freq = actmon_device_target_freq(tegra, &tegra->devices[MCCPU]);
+
+	if (dev_freq >= static_cpu_emc_freq)
+		return 0;
+
+	return static_cpu_emc_freq;
+}
+
+static int tegra_actmon_cpu_notify_cb(struct notifier_block *nb,
+				      unsigned long action, void *ptr)
+{
+	struct cpufreq_freqs *freqs = ptr;
+	struct tegra_devfreq *tegra;
+	unsigned long old, new, delay;
+
+	if (action != CPUFREQ_POSTCHANGE)
+		return NOTIFY_OK;
+
+	tegra = container_of(nb, struct tegra_devfreq, cpu_rate_change_nb);
+
+	/*
+	 * Quickly check whether CPU frequency should be taken into account
+	 * at all, without blocking CPUFreq's core.
+	 */
+	if (mutex_trylock(&tegra->devfreq->lock)) {
+		old = tegra_actmon_cpufreq_contribution(tegra, freqs->old);
+		new = tegra_actmon_cpufreq_contribution(tegra, freqs->new);
+		mutex_unlock(&tegra->devfreq->lock);
+
+		/*
+		 * If CPU's frequency shouldn't be taken into account at
+		 * the moment, then there is no need to update the devfreq's
+		 * state because ISR will re-check CPU's frequency on the
+		 * next interrupt.
+		 */
+		if (old == new)
+			return NOTIFY_OK;
+	}
+
+	/*
+	 * CPUFreq driver should support CPUFREQ_ASYNC_NOTIFICATION in order
+	 * to allow asynchronous notifications. This means we can't block
+	 * here for too long, otherwise CPUFreq's core will complain with a
+	 * warning splat.
+	 */
+	delay = msecs_to_jiffies(ACTMON_SAMPLING_PERIOD);
+	schedule_delayed_work(&tegra->cpufreq_update_work, delay);
+
+	return NOTIFY_OK;
+}
+
 static void tegra_actmon_configure_device(struct tegra_devfreq *tegra,
 					  struct tegra_devfreq_device *dev)
 {
@@ -405,9 +494,22 @@ static void tegra_actmon_configure_device(struct tegra_devfreq *tegra,
 	device_writel(dev, val, ACTMON_DEV_CTRL);
 }
 
-static void tegra_actmon_start(struct tegra_devfreq *tegra)
+static void tegra_actmon_stop_devices(struct tegra_devfreq *tegra)
+{
+	struct tegra_devfreq_device *dev = tegra->devices;
+	unsigned int i;
+
+	for (i = 0; i < ARRAY_SIZE(tegra->devices); i++, dev++) {
+		device_writel(dev, ACTMON_DEV_CTRL_STOP, ACTMON_DEV_CTRL);
+		device_writel(dev, ACTMON_INTR_STATUS_CLEAR,
+			      ACTMON_DEV_INTR_STATUS);
+	}
+}
+
+static int tegra_actmon_start(struct tegra_devfreq *tegra)
 {
 	unsigned int i;
+	int err;
 
 	actmon_writel(tegra, ACTMON_SAMPLING_PERIOD - 1,
 		      ACTMON_GLB_PERIOD_CTRL);
@@ -415,20 +517,41 @@ static void tegra_actmon_start(struct tegra_devfreq *tegra)
 	for (i = 0; i < ARRAY_SIZE(tegra->devices); i++)
 		tegra_actmon_configure_device(tegra, &tegra->devices[i]);
 
+	/*
+	 * We are estimating CPU's memory bandwidth requirement based on
+	 * amount of memory accesses and system's load, judging by CPU's
+	 * frequency. We also don't want to receive events about CPU's
+	 * frequency transaction when governor is stopped, hence notifier
+	 * is registered dynamically.
+	 */
+	err = cpufreq_register_notifier(&tegra->cpu_rate_change_nb,
+					CPUFREQ_TRANSITION_NOTIFIER);
+	if (err) {
+		dev_err(tegra->devfreq->dev.parent,
+			"Failed to register rate change notifier: %d\n", err);
+		goto err_stop;
+	}
+
 	enable_irq(tegra->irq);
+
+	return 0;
+
+err_stop:
+	tegra_actmon_stop_devices(tegra);
+
+	return err;
 }
 
 static void tegra_actmon_stop(struct tegra_devfreq *tegra)
 {
-	unsigned int i;
-
 	disable_irq(tegra->irq);
 
-	for (i = 0; i < ARRAY_SIZE(tegra->devices); i++) {
-		device_writel(&tegra->devices[i], 0x00000000, ACTMON_DEV_CTRL);
-		device_writel(&tegra->devices[i], ACTMON_INTR_STATUS_CLEAR,
-			      ACTMON_DEV_INTR_STATUS);
-	}
+	cpufreq_unregister_notifier(&tegra->cpu_rate_change_nb,
+				    CPUFREQ_TRANSITION_NOTIFIER);
+
+	cancel_delayed_work_sync(&tegra->cpufreq_update_work);
+
+	tegra_actmon_stop_devices(tegra);
 }
 
 static int tegra_devfreq_target(struct device *dev, unsigned long *freq,
@@ -536,6 +659,7 @@ static int tegra_governor_event_handler(struct devfreq *devfreq,
 					unsigned int event, void *data)
 {
 	struct tegra_devfreq *tegra = dev_get_drvdata(devfreq->dev.parent);
+	int ret = 0;
 
 	/*
 	 * Couple devfreq-device with the governor early because it is
@@ -546,7 +670,7 @@ static int tegra_governor_event_handler(struct devfreq *devfreq,
 	switch (event) {
 	case DEVFREQ_GOV_START:
 		devfreq_monitor_start(devfreq);
-		tegra_actmon_start(tegra);
+		ret = tegra_actmon_start(tegra);
 		break;
 
 	case DEVFREQ_GOV_STOP:
@@ -561,11 +685,11 @@ static int tegra_governor_event_handler(struct devfreq *devfreq,
 
 	case DEVFREQ_GOV_RESUME:
 		devfreq_monitor_resume(devfreq);
-		tegra_actmon_start(tegra);
+		ret = tegra_actmon_start(tegra);
 		break;
 	}
 
-	return 0;
+	return ret;
 }
 
 static struct devfreq_governor tegra_devfreq_governor = {
@@ -672,8 +796,14 @@ static int tegra_devfreq_probe(struct platform_device *pdev)
 
 	platform_set_drvdata(pdev, tegra);
 
-	tegra->rate_change_nb.notifier_call = tegra_actmon_rate_notify_cb;
-	err = clk_notifier_register(tegra->emc_clock, &tegra->rate_change_nb);
+	tegra->cpu_rate_change_nb.notifier_call = tegra_actmon_cpu_notify_cb;
+
+	INIT_DELAYED_WORK(&tegra->cpufreq_update_work,
+			  tegra_actmon_delayed_update);
+
+	tegra->clk_rate_change_nb.notifier_call = tegra_actmon_clk_notify_cb;
+	err = clk_notifier_register(tegra->emc_clock,
+				    &tegra->clk_rate_change_nb);
 	if (err) {
 		dev_err(&pdev->dev,
 			"Failed to register rate change notifier\n");
@@ -701,7 +831,7 @@ static int tegra_devfreq_probe(struct platform_device *pdev)
 	devfreq_remove_governor(&tegra_devfreq_governor);
 
 unreg_notifier:
-	clk_notifier_unregister(tegra->emc_clock, &tegra->rate_change_nb);
+	clk_notifier_unregister(tegra->emc_clock, &tegra->clk_rate_change_nb);
 
 remove_opps:
 	dev_pm_opp_remove_all_dynamic(&pdev->dev);
@@ -719,7 +849,7 @@ static int tegra_devfreq_remove(struct platform_device *pdev)
 	devfreq_remove_device(tegra->devfreq);
 	devfreq_remove_governor(&tegra_devfreq_governor);
 
-	clk_notifier_unregister(tegra->emc_clock, &tegra->rate_change_nb);
+	clk_notifier_unregister(tegra->emc_clock, &tegra->clk_rate_change_nb);
 	dev_pm_opp_remove_all_dynamic(&pdev->dev);
 
 	reset_control_reset(tegra->reset);
