Following the Chinese government's agreementApproveAfter Broadcom acquired VMware for US$690 billion, Broadcom announced earlier that the transaction had been officially completed, and VMware's common stock has ceased trading on the New York Stock Exchange.
Broadcom President and CEO Hock Tan welcomed VMware's joining and emphasized that in the future, the company will be able to better help global companies embrace private and hybrid cloud environments and make them more secure and flexible. He also emphasized that Broadcom will continue to invest in acquisitions to drive greater growth potential.
At the same time, Broadcom will continue to promote the development of the VMware Cloud Foundation multi-cloud platform as the foundation for the development of private and hybrid clouds, and modernize and optimize cloud and edge computing through VMware's software technologies, including the Tanzu product portfolio that accelerates the deployment of cloud-native application services, as well as application network load balancing and advanced network security technologies, and software-defined edge computing for telecommunications services and enterprise needs.
In a previous commitment, Hock Tan stated that he would invest $20 billion annually in VMware, with half going toward VMware-related technology research and development and the other half toward promoting and accelerating the deployment of VMware solutions. He also reiterated that the acquisition of VMware would create greater market benefits, emphasizing that combining VMware's multi-cloud development model with Broadcom's network communication technology would provide market customers with a more stable multi-cloud development environment.
