- Standard Chartered and Broadcom have agreed a long term partnership to modernize the bank’s global infrastructure using VMware Cloud Foundation.
- The rollout supports a software defined private cloud that now covers 70% of Standard Chartered’s infrastructure footprint.
- The collaboration focuses on secure, resilient digital banking across the bank’s worldwide operations.
For investors following Broadcom (NasdaqGS:AVGO), this new VMware Cloud Foundation agreement with Standard Chartered adds another data point on how the company is positioning its infrastructure software business. The stock trades around $370.83, with a 1 year return of 31.8% and a very large 5 year return. This suggests that past performance has already set high expectations for execution across both semiconductor and software segments.
The Standard Chartered rollout highlights how Broadcom is entrenching its software in core banking infrastructure. This can be especially relevant for long horizon investors who pay…
