Broadcom has closed its $69 billion deal with software firm VMware after the approval by Chinese regulators.
Broadcom CEO explained that the company will allow global enterprises to embrace private and hybrid cloud environments, making them more secure and resilient in cybersecurity.
The transaction worth $61 billion has been made to integrate chipmakers deeper into software to build hybrid cloud services that store secured data in their facilities and outside servers.
The conditions imposed by China surround how the companies sell their products in the local market, ensuring VMware’s server software is exchangeable with Broadcom’s competitors’ security hardware.
Read More: Broadcom closes $69 billion VMware deal after China approval
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