Chipmaker Broadcom has pledged to address antitrust concerns from the European Union over its proposed $61 billion takeover of VMware.

The deal has faced significant opposition from regulators in both the EU and US, with the European Commission last month saying that the merger could restrict competition in the hardware component market – specifically in Network Interface Cards (NICs), Fibre Channel Host-Bus Adapters (FC HBAs) and storage adapters.

After a meeting between Broadcom chief exec Hock Tan and senior European Commission officials earlier this month, the company has submitted a proposal which offers interoperability remedies.

The EU has extended its deadline for a decision from 21 June to 17 July.

In a statement, Broadcom this week has reiterated its ambitions to close the deal in the 2023 fiscal year. The company said: “While we maintain that this deal does not present any competition issues, we have made a proposal to address fully the concerns expressed by the European Commission.

"The combination of Broadcom and VMware is about enabling enterprises to accelerate innovation and expand choice by addressing their most complex technology challenges in this multi-cloud era, and we are confident that regulators will see this when they conclude their review.”

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