Semiconductor maker Broadcom and virtualization pioneer VMware are in acquisition talks, according to reports. Separate reports from Reuters and Bloomberg News cite people familiar with the matter who confirmed that the companies are in talks. A deal is not immediate, terms are in discussion and and the talks are ongoing, according to the sources.
Broadcom makes semiconductors; VMware’s big in cloud computing and virtualization. So where’s the value in this for Broadcom? While the majority of Broadcom’s revenue comes from chips, its enterprise software sales alone topped $7 billion in 2021.
