Broadcom acquired VMware in 2023, strengthening its position among major infrastructure-software businesses.
Broadcom completed its acquisition of VMware on November 22, 2023, after receiving regulatory approvals in several jurisdictions. The transaction was valued at approximately $69 billion. VMware was known for virtualization software that lets organizations run multiple virtual machines on physical servers.
Broadcom’s history is rooted in semiconductors, including chips used in communications, networking, storage, and broadband equipment. The VMware deal expanded its software portfolio and changed the balance between its semiconductor and infrastructure-software operations.
Broadcom is not the same company as Broadcom Corporation, although the modern company adopted the Broadcom name after Avago Technologies acquired Broadcom Corporation in 2016. Its market capitalization reflects investor expectations for the combined business, not simply the purchase price of VMware.