Broadcom(US:AVGO) Zhi Tong Cai Jing·2025-11-18 03:08Core Points - Fidelity's subsidiary has filed a lawsuit against Broadcom, alleging threats to cut off access to critical software essential for its operations [1][2] - The lawsuit claims that if Broadcom terminates access to the software after January 21, it would cause "huge" damage to Fidelity's business [1] - Fidelity has been using VMware's virtualization software since 2005, which has become integral to its operations [1] - Broadcom acquired VMware in 2023 and has since restructured its product offerings, leading to increased costs for Fidelity [1] - Fidelity argues that migrating away from the software before the deadline is technically impossible and would take 18 to 24 months [2] - Broadcom has agreed to extend Fidelity's access to the software until January 21 to allow time for judicial review [2] Company Overview - Fidelity manages approximately $17.5 trillion in assets and serves around 50 million customers [1] - The lawsuit highlights the potential impact on Fidelity's platforms, which could disrupt customer access and internal systems [1] Legal Context - The lawsuit accuses Broadcom of breaching contract terms related to the software usage [2] - Fidelity's complaint emphasizes the broader implications of the software disruption on the financial markets [2]