News roundup: Dell-VMware spin-off, SAP unveils financial services unit, Alibaba faces record fine, semiconductor industry growth, and more

A round-up of this week's technology news, including Dell's spin-off of VMware, SAP's new financial services unit, a record fine faced by Alibaba, healthy growth in the semiconductor industry, and more.

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Dell to spin off VMware

Dell is set to spin off cloud computing and virtualisation firm VMware, creating two separate public firms in the process.

On Wednesday, Dell announced it'll allocate a cash dividend of between $11.5 and $12 billion to VMware shareholders. But since Dell owns an 81% stake in VMWare, it'll receive around $9 billion of cash through the spin-off.

According to Dell, the spin-off will see both companies "strengthen their mutually beneficial strategic relationship and "continue to co-engineer solutions for customers through a commercial agreement".

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