Broadcom CEO: The price of the latter's products will not be raised

Broadcom has not yet completed the acquisition of VMware. Recently, news came out from the market that after the completion of the M&A transaction, Broadcom will increase the price of VMware products. In response, Broadcom CEO Hock Tan issued a statement saying that Broadcom's acquisition of VMware will not lead to price increases for the latter's products.

In May this year, US chipmaker Broadcom announced a US$61 billion acquisition of cloud computing company VMware, which is one of the largest technology deals ever, second only to Microsoft's US$69 billion acquisition of Activision Blizzard and Dell's $67 billion acquisition of EMC in 2016.

Broadcom's acquisition of VMware will help the company shift from its core business of designing and selling semiconductors to more profitable enterprise software. Enterprises use VMware products to run their own servers and cloud servers more efficiently.

The deal has been under long-running investigations by EU and UK competition regulators.

Broadcom Corporation is the world's leading semiconductor company for wired and wireless communications. Its products enable the delivery of voice, data, and multimedia to and within the home, office, and mobile environments. Broadcom provides the industry's broadest portfolio of state-of-the-art system-on-chip and software solutions to manufacturers of computing and networking equipment, digital entertainment and broadband access products, and mobile devices.

VMware is headquartered in Palo Alto, California, USA. It is a global cloud infrastructure and mobile business solution provider. It provides VMware-based solutions. Enterprises integrate business through data center transformation and public cloud, maintain customer trust through enterprise security transformation, and realize any Run, manage, connect and secure any application in the cloud and on-device.

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