Broadcom, the semiconductor giant, is in talks to acquire VMware, according to a person familiar with the matter.
A deal is not yet final, said the person on Sunday evening, who was not authorized to discuss it publicly. Terms of any potential deal were not disclosed.
Broadcom has long been a strong acquirer, and its chief executive, Hock E. Tan, is known for striking deals. The chip company, which was based in Singapore but moved its headquarters to San Jose, Calif., initially bought mostly other chip companies. But since its $117 billion deal to buy US chipmaker Qualcomm was blocked in March 2018 by President Donald J. Trump on national security grounds, Broadcom has diversified its targets. He bought software company CA Technologies for $18.9 billion later that year and a security division of Symantec for $10.7 billion in 2019.
VMware, which spun off from Dell Technologies last November, is known for creating virtualization software, which allows one computer to act like many machines and essentially makes computing more efficient. It has also branched out and manufactures a range of software for data centers.
A VMware spokesperson declined to comment.
Don Clark contributed report.