Broadcom is buying VMware for 61 billion dollars, becoming one of the biggest tech acquisitions ever. Broadcom is known for its chip business, designing and manufacturing semiconductors for modems, Wi-Fi, and Bluetooth chips across multiple devices.
This giant acquisition for VMware is designed to boost Broadcom’s software business. VMware, which was owned by Dell until it was spun off last year, focuses on cloud computing and virtualization technology.
The combination of VMware and Broadcom could be a powerful one, focused on enterprise infrastructure and cloud computing. Broadcom previously acquired CA Technologies, makers of security and database software in 2018, and Symantec’s enterprise security unit in 2019.
Broadcom is now planning to rebrand its Broadcom Software Group to VMware and incorporate its existing infrastructure and security software offerings as part of VMware.
“Combining our assets and talented team with Broadcom’s existing enterprise software portfolio, all housed under the VMware brand, creates a remarkable enterprise software player”, says Raghu Raghuram, CEO of VMware.