May 5, 2023
Hock Tan, Broadcom’s CEO, has vowed to invest $2 billion per year in research and development (R&D) at VMware. The investment will be split in half, with $1 billion going toward R&D and the other $1 billion going toward expediting VMware solution adoption through partner professional services.
Tan noted that VMware has the ability to grow its virtualization technology, and Broadcom is dedicated to innovation and the enhancement of VMware’s professional services capabilities. Tan went on to say that his primary goal is to build next-generation software-defined data centers that span client premises or private clouds. This will be done at no cost to consumers, giving them more options and flexibility in managing their data and workloads.
Tan also claimed that as part of Broadcom, VMware would have additional resources and scale to accommodate the growing number of clients interested in its technology and services. In addition, the business will quadruple its investment in professional services at VMware to assist clients in configuring, using, and benefiting from this technology.
The news coincides with VMware’s most recent annual report, which claims that the business spent $2.7 billion on R&D in FY 22/23, but that the rise may be ascribed to increased pay and an extra week in the fiscal year.
The sources for this piece include an article in TheRegister.
