Broadcom acquired VMware in 2023, adding a major virtualization-software business to its semiconductor portfolio.
Broadcom announced its agreement to acquire VMware in May 2022, and the transaction closed on November 22, 2023, after regulatory review in several jurisdictions. VMware became part of Broadcom’s infrastructure-software division.
Broadcom designs and supplies semiconductors used in communications, networking, storage, broadband, and wireless equipment. The VMware acquisition expanded its software exposure and changed how investors assessed the company’s revenue mix, recurring contracts, debt, and integration plans.
Broadcom is not the same company as the former Broadcom Corporation in every corporate-history detail: Avago Technologies acquired Broadcom Corporation in 2016 and adopted the Broadcom name. Broadcom’s market capitalization moves with its share price, while acquisitions can change both the company’s assets and the number of shares used in valuation calculations.