VMware's Top Execs To Take Home $42M In Total Pay

Hello, and welcome back to CRN's newsletter on the latest news and insights impacting the channel and technology industry over the past week.

In this edition, we take a look at the total compensation VMware's top executives will receive in 2023 following a challenging year as a result of Broadcom's pending takeover; Hewlett Packard Enterprise CEO Antonio Neri's key takeaways from HPE Discover, including new AI opportunities for customers; the 10 hottest semiconductor startups of the year so far and more.

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Top VMware Execs Score $42M In Total Pay Amid 'Unprecedented' Broadcom 'Uncertainty,' Board Says

VMware's top executives will take home a combined $42.4 million in total compensation this year as the team toiled last year against "unprecedented corporate uncertainty" brought about by the still-pending takeover by Broadcom.

The merger remains in the hands of global regulators, with the U.S. Federal Trade Commission, the UK's Competition and Markets Authority and the European Union's Economic Commission each involved in deep-dive investigations of how the mega-deal may harm markets.

Reuters reported last week that the EU was expected to agree to the deal, but only with conditions in place. That report sent VMware's stock price to a 52-week high.

Here is VMware's top executive total compensation for the virtualization star's 2023 fiscal year, as well as executives' expected haul under Broadcom's "golden parachute" provisions should a merger between the two companies close.

[Related: These Are Dell's Five Highest Compensated Executives In Fiscal 2023 (Read )]

HPE CEO Antonio Neri On The 'Fourth' Public Cloud, Expanded AWS, VMware Partnerships And The AI Opportunity For Partners

Antonio Neri, CEO of Hewlett Packard Enterprise, says the company's new AI public cloud , HPE GreenLake for Large Language Models, provides customers with a "massive, massive" data ingress/egress pricing benefit.

During HPE Discover 2023 this week, Neri also sounded off on expanded relationships and the potential to work on even further co-innovation with Amazon Web Services and VMware.

Learn more about HPE GreenLake for Large Language Models , which Neri said marks the emergence of a fourth public cloud, and other takeaways from Neri's interview with CRN at the event in Las Vegas.

[Related: HPE Discover 2023: 10 New HPE GreenLake Services (Read )]

The 10 Hottest Semiconductor Startups Of 2023 (So Far)

While the semiconductor industry is banking on a late 2023 comeback after several months of waning demand, the hype around generative AI has rejuvenated interest in specialized processors and other semiconductor technologies that can run such workloads faster and more efficiently.

As part of CRN's annual "Year So Far" series, Senior Editor Dylan Martin breaks down 10 standout semiconductor startups that could benefit from the hype around generative AI that has some companies looking at alternatives to GPU powerhouse Nvidia and better ways to architect systems. Some are working on foundational or adjacent technologies that could improve the way AI work is computed in the future. These are the 10 hottest semiconductor startups of the year (so far) .

Related:

• The 10 Hottest Cybersecurity Startups In 2023 (So Far) (Read )
• The 10 Hottest Kubernetes Startups Of 2023 (So Far) (Read )

Elsewhere In CRN

Check out some of CRN's other best-read stories and CRNtv videos on channel-related news and trends over the past week:

• CRN In Depth: How Solution Providers Are Building AI Businesses In The ChatGPT Era (Watch )
• Former Splunk CEO Merritt Becomes Aviatrix’s New Leader; Mullaney Exits (Read )
• Microsoft Confirms DDoS Attacks: 5 Things To Know (Read )

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