Broadcom completed its acquisition of VMware in 2023, becoming a major software-and-chip conglomerate.
Broadcom announced the approximately $69 billion cash-and-stock deal in May 2022. The transaction closed on November 22, 2023, after regulatory review in several jurisdictions. VMware was known for virtualization software used to run multiple virtual computers on one physical server.
Broadcom Inc. designs semiconductor products for networking, broadband, storage, wireless communications, and industrial applications. Its software business expanded substantially through acquisitions, including CA Technologies in 2018 and Symantec's enterprise-security business in 2019.
A common mix-up is confusing Broadcom Inc. with the earlier Broadcom Corporation. Avago Technologies acquired Broadcom Corporation in 2016 and adopted the Broadcom name; the resulting company is the present Broadcom Inc. Its market capitalization can change daily with share prices, while the VMware acquisition is a fixed historical event.