With VMware deal, Broadcom reaches for the cloud
Summary
The chip manufacturer Broadcom announced a blockbuster $61 billion deal this morning for VMware, a tech company that specializes in data centers. VMware has more than 500,000 customers and counts all of the major cloud providers as partners, including Amazon, Microsoft and Google. Broadcom’s C.E.O., Hock Tan, has been one of the most acquisitive forces in the semiconductor industry, stitching the company together one chip deal at a time. That effort sputtered when former President Donald Trump blocked Broadcom’s proposed $117 billion takeover of Qualcomm in March 2018 on national security grounds. “I have a lot of soul in that company,” Gelsinger said of VMware this week while at the World Economic Forum meeting in Davos.
Classifications
industries
HealthTech
applications
Collaboration & Communication
AskAI Classifications
Labels
Infrastructure Software
Enterprise Software
Cybersecurity Software
Linked Companies
Broadcom Inc.
$50M to $100M
VMware
$1M to $5M