Intel CEO emphasizes Broadcom’s potential blockbuster deal for VMWare

Pat Gelsinger, CEO of Intel and former longtime VMware CEO, is keeping a close eye on Broadcom’s possible deal for his former employer.

“I have a lot of soul in that company,” Gelsinger said on Yahoo Finance Live (video above) on the sidelines of the World Economic Forum in Davos, Switzerland. “And [with] Any change in structure or acquisition, what I would be inspired to see is that the spirit of VMware innovation is alive and well. “

Pat Gelsinger, then-CEO of VMware (and now Intel CEO), is speaking at a news conference in Tokyo on July 15, 2014.  REUTERS / Yuya Shino

Pat Gelsinger, then-CEO of VMware (and now Intel CEO), is speaking at a news conference in Tokyo on July 15, 2014. REUTERS / Yuya Shino

Bloomberg reported that fellow chipmaker Broadcom was in advanced talks to buy VMware. The deal – rumored to cost 50 billion – will deepen Broadcom’s cloud computing services.

VMWare’s hybrid cloud services are used by large businesses to manage personal and cloud networks.

Gelsinger spent 11 years transforming VMWare into an industry leader as CEO. He told Yahoo Finance Live last year – shortly after his return to be his next CEO at Intel – that VMWare had made him a “mature CEO” and that it had helped him acquire “new leadership skills.”

VMware’s shareholders were nicely rewarded under Gelsinger’s watch: in the acceleration of the cloud, VMware’s shares gained nearly 193% in the five years since Gelsinger’s exit.

VMware was completely discontinued in November 2021 by parent company Dell.

“It’s a huge software resource that is evolving from an important set of hybrid cloud and basic platform technologies,” Gelsinger said. “If it (the deal) doesn’t help that innovation cycle, it’s probably not good. If it does, it’s probably good.”

Brian Suzy A great editor and Yahoo is anchored in finance. Follow Suzy on Twitter @ Briansoji And then LinkedIn.

Read the latest financial and business news from Yahoo Finance

Follow on Yahoo Finance Twitter, Facebook, Instagram, Flipboard, LinkedInAnd YouTube

Leave a Reply

Your email address will not be published.