Hashtag Trending Nov.22-Microsoft looks to fish OpenAI employees; Broadcom’s acquisition of VMware to close; Musk launches what he calls a “thermonuclear” lawsuit
Microsoft offers OpenAI employees to move over at their same compensation. Broadcom’s acquisition of VMware crosses the final hurdle. And more on the X files as Elon Musk lashes out at his critics with what he calls a “thermonuclear” lawsuit. These and more top tech stories on Hashtag Trending I’m your host Jim Love,
Broadcom’s $69B VMware deal cleared by Competition and Markets Authority
Britain’s Competition and Markets Authority (CMA) has provisionally cleared U.S. tech company Broadcom’s $69 billion purchase of VMware. The CMA said the deal would not weaken competition in the supply of critical computer server products and that it explored concerns that the deal could harm the ability of Broadcom’s rivals to compete if the merged […]
Broadcom set to gain EU antitrust approval for VMware acquisition
Broadcom is set to gain conditional approval from the European Commission for its $61 billion acquisition of VMware, according to people familiar with the matter. The deal is still subject to approval from the British competition agency, which is expected to announce its provisional findings next month. The EU’s approval is conditional on Broadcom providing […]
Broadcom addresses EU antitrust concerns over VMware
According to people familiar with the situation, Broadcom has made efforts to address European Union (EU) antitrust concerns for its $61 billion purchase of VMware by providing remedies that promote openness, compatibility, and the ability of different systems or products to work together smoothly. According to a European Commission document, Broadcom presented its application to […]
Broadcom’s CEO commits $2 billion to VMware’s research and development
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 […]
Broadcom-VMware merger may be derailed by British antitrust investigation
Timothy LaComb, a San Diego-based attorney who specializes in antitrust, unfair competition, and complex business cases, believes that the proposed $61 billion merger between Broadcom and VMware may not go through because to the UK’s extensive examination into potential antitrust problems. According to LaComb, over 60% of acquisitions undergoing comparable probes since 2019 did not […]
U.K. launches in-depth investigation into Broadcom’s $61bn VMware acquisition
The U.K. Competition and Markets Authority (CMA) has announced an in-depth investigation into Broadcom’s proposed $61bn acquisition of cloud computing and virtualisation company VMware, after Broadcom failed to offer immediate undertakings in response to concerns about the impact on the server market. The CMA warned last week that the deal could adversely affect competition in […]
Broadcom predicts better-than-expected revenue in the second quarter of 2023
Broadcom exceeded analysts expectations when it presented its first-quarter financial results and provided a forecast for the next quarter that was also higher than the consensus analysts estimate. The reason for this anticipated increase in revenue is that AI has emerged as a bright spot for chip firms such as Nvidia Corp and Broadcom, owing […]
Broadcom set to use VMware in challenging hyperscalers
Broadcom has announced its plans to compete with hyperscale datacenter operators after its procurement of VMware is completed. VMware’s current strategy is to provide an overlay so that businesses that use hybrid multi-cloud can connect those assets with virtual networks and apply consistent security policies rather than having to treat each of their clouds as […]
Apple intends to substitute Broadcom’s chip with in-house design chip
As part of its long-term strategy of producing its own silicon, Apple intends to substitute the iPhone Bluetooth/Wi-Fi IC currently supplied by Broadcom with its own in-house design by 2025. The chip that will replace the Broadcom solution is a Wi-Fi and Bluetooth combo chip that is used in a variety of devices such as […]
