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Home exhibition

Broadcom: Once the acquisition is completed, it will invest $20 billion annually in VMware

Author: Mash Yang
2023-08-24
in exhibition, Market dynamics, network
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During VMware 2023, Broadcom CEO Hock Tan emphasized that acquiring VMware would be a very good decision, and also promised that once the acquisition transaction is successfully completed, he would invest US$20 billion in VMware annually in the future.

Broadcom: Once the acquisition is completed, it will invest $20 billion annually in VMware
▲Broadcom and VMware are confident of completing the merger transaction

Of the $20 billion annual investment, half will be used for VMware-related technology research and development, and the other half will be used to promote and accelerate the deployment of VMware solutions.

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At the same time, Chen Fuyang also reiterated that the acquisition of VMware will create greater market benefits, emphasizing that combining VMware's multi-cloud development model with Broadcom's network communication technology will bring a more stable multi-cloud development environment to market customers.

Broadcom: Once the acquisition is completed, it will invest $20 billion annually in VMware
▲ Broadcom CEO Hock Tan

Currently, regulators in the EU, Australia, Brazil, Canada, Israel, South Africa and Taiwan have approved Broadcom's $610 billion acquisition of VMware, and the UK Competition and Markets Authority has also approved the acquisition earlier.Preliminary consentHowever, other regions such as China have not yet agreed to the transaction. As for the United States, the waiting period for antitrust review has ended, so there are no legal obstacles to this transaction.

However, both Hock Tan and VMware CEO Raghu Raghuram said the deal will be completed smoothly.

During VMware Explore 2023, VMware emphasized that it will continue to promoteMulti-cloud development strategyAt the same time, it will further expand its development to edge computing and embrace self-generated artificial intelligence. It will also cooperate deeply with NVIDIA to launch the VMware Private AI Foundation With NVIDIA service to help enterprises quickly introduce self-generated artificial intelligence technology application resources and ensure the privacy, security and controllability of application content data.

In addition, VMware has also updated existing services such as vSAN, NSX, and Workspace One, and has made its multi-cloud strategy more "intelligent" by integrating artificial intelligence technology.

Broadcom: Once the acquisition is completed, it will invest $20 billion annually in VMware
VMware will continue to deploy its multi-cloud strategy and incorporate artificial intelligence technology to make it more intelligent.
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Tags: BroadcomHock TanMulti cloudVMwareVMware ExploreVMware Explore 2023BroadcomMulti-cloud strategyChen Fuyang
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Mash Yang

Mash Yang

Founder and editor of mashdigi.com, and student of technology journalism.

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