Broadcom CEO: $2 billion for VMware R&D to speed product, service development

Broadcom said it will spend $2 billion a year to accelerate research and development for VMware products and services.

In making the investment assurance, Broadcom CEO Hock Tan wrote in a blog post: “By extending our multi-cloud strategy, we will invest in extending VMware’s software stack to run and manage workloads across private and public clouds, which means any enterprise can run application workloads easily, securely, and seamlessly on-prem, or in any cloud platform they prefer.”

“If companies can run VMware as a private cloud on-prem, they should be able to take their same application workloads to the public cloud without needing to re-engineer that application or worry about being locked into the public cloud providers that they choose,” Tan stated.

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Source:: Network World – Data Center