Broadcom Inc. (AVGO) has launched VMware Cloud Foundation (VCF) 9, a new platform designed to help businesses transition from fragmented IT systems to a unified private cloud environment. VCF 9 promises the scalability and agility of public cloud offerings while maintaining the security, resilience, and performance advantages of a private cloud, all at a lower total cost of ownership.
Broadcom highlights VCF 9’s ability to accelerate digital innovation by streamlining infrastructure modernization, providing a consistent cloud experience, and bolstering cyber resilience and platform security. The company aims to simplify the deployment, management, and consumption of a secure and cost-effective private cloud with VCF 9, ultimately reducing both costs and risks for businesses.
Krish Prasad, Senior Vice President and General Manager of the VCF Division at Broadcom, stated that businesses are moving away from siloed architectures in favor of modern private cloud platforms to regain control over public cloud sprawl, break down infrastructure silos, and leverage the potential of enterprise AI. He emphasized that VCF 9 will redefine the private cloud landscape by offering a unified and automated platform that empowers businesses to be more innovative, efficient, resilient, and secure.
In a separate announcement, Broadcom introduced VMware Tanzu Platform 10, a cloud-native platform designed to expedite software delivery and simplify operations. Furthermore, the company revealed updates to its Software-Defined Edge product portfolio, enhancing connectivity, deployment, and lifecycle management capabilities to support Edge AI workloads. These updates reflect Broadcom’s commitment to providing comprehensive solutions for businesses across the cloud spectrum.
Earlier this month, Broadcom launched the Catalyst initiative to strengthen global partnerships and enhance its Symantec and Carbon Black strategies. This initiative underscores Broadcom’s dedication to fostering collaboration and expanding its reach within the cybersecurity domain.
Investors interested in the semiconductor sector can explore opportunities through ETFs like Amplify ETF Trust Amplify Cybersecurity ETF (HACK) and Invesco PHLX Semiconductor ETF (SOXQ). As of Tuesday’s closing, AVGO shares were down 0.23% at $159.25.
Broadcom’s recent announcements highlight its ongoing efforts to innovate and deliver cutting-edge cloud solutions for businesses seeking to enhance their digital capabilities and embrace the transformative power of AI.
