Broadcom acquired VMware in a $69 billion deal completed in 2023.
Broadcom announced its agreement to acquire VMware in May 2022, and the transaction closed on November 22, 2023. VMware was a major enterprise-software company best known for virtualization technology, which allows organizations to run multiple virtual computer systems on shared physical hardware.
The acquisition expanded Broadcom beyond its traditional semiconductor businesses. Broadcom designs and supplies chips used in networking, broadband, storage, wireless communications, and other infrastructure markets. After the deal, VMware became part of Broadcom’s software operations, strengthening the company’s position in enterprise technology.
The transaction was reviewed by regulators in several jurisdictions, including the United States, the European Union, and the United Kingdom. Broadcom is distinct from Qualcomm, Intel, and Texas Instruments, which are also major chip companies but did not acquire VMware.