Broadcom’s biggest customers falling in line on VMware license switch

Broadcom shrugged off concerns that customers might rebel against its VMware strategy with first quarter results that showed its top accounts sucking it up.

But what the semiconductor and software vendor really wanted to talk up was its AI chip business, with additional, anonymous, hyperscalers joining its XPU customer roster.

First quarter revenues came in at $14.9bn, up 25% on the year. Net income was $5.5bn, a massive jump on the previous year’s $1.3bn.

In its last set of results,…