Broadcom Expands Multi-year Tech Partnership With Lloyds Banking Group

September 17, 2025 — 04:06 am EDT

Written by RTTNews.com for RTTNews

(RTTNews) - Broadcom Inc. (AVGO), a fabless semiconductor company, and Lloyds Banking Group plc (LYG) on Wednesday announced a multi-year agreement to expand their long-standing partnership, supporting the company's strategic transformation.

Under the deal, Lloyds will use Broadcom's VMware Cloud Foundation and mainframe software to boost the resilience, agility, and scalability of its systems.

The move aims to speed up digital services for the bank's 28 million customers, including payments, loan applications, and everyday banking.

The expanded partnership will also support Lloyds' data centre consolidation strategy and provide its engineers with training and professional services from Broadcom.

In the pre-market trading, Broadcom is 0.06% higher at $360.21 on the Nasdaq.

On Tuesday, Lloyds Banking closed trading, 1.51% lesser at $4.5600 on the New York Stock Exchange.

RTTNews

Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Broadcom Expands Multi-year Tech Partnership With Lloyds Banking Group

Tags

Latest Articles