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Broadcom Inc on Thursday said it has been selected by Standard Chartered PLC to deliver secure, always-on banking services. The Palo Alto, California-based chipmaker said it has struck a long-term strategic commitment with the Asia-focused bank to accelerate its infrastructure modernisation. Broadcom said it will establish a ‘secure, resilient private cloud foundation’ to support critical banking services. The firm said Standard Chartered has realigned its infrastructure delivery to a fully integrated software-defined private cloud environment using VMware cloud foundation. ‘Standard Chartered is at the forefront of digital banking innovation, and we are proud to support their journey toward a highly automated, AI-driven, modern private cloud with VMware cloud foundation,’ said Broadcom Senior Vice President Krish Prasad. John Sharratt, global head of technology & infrastructure at Standard Chartered, said: ‘Our client-centric, long-term investments with global service providers, such as Broadcom, strengthen our ability to deliver always-on banking services in an ever-changing and dynamic landscape, while accelerating innovation with a secure private cloud foundation.’ The financial details of the contract were not disclosed. Broadcom shares were 3.5% lower at $380.67 on Thursday morning in New York. Standard Chartered shares fell 1.0% to 2,113.00 pence in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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