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Red Hat was acquired by IBM in 2019, so I guess it is just shuffling things around internally?

Quarkus wasn't Red Hat per se; it was developed by engineers employed by Red Hat. So, nothing really changes.

It’s the beginning of the end of RedHat as we know I’d say. I mean, acquisition was a while ago, but that feels like they are saying goodbye to the brand. Wrt Quarkus: at least IBM does software similar to that, too. In contrast to the pair of Broadcom / Spring.