Parallels Desktop for Mac is software providing hardware virtualization for Macintosh computers with Intel processors, and since version 16.5 also for Apple silicon-based Macintosh computers. It is developed by Parallels, since 2018 a subsidiary of Corel. Released on June 15, 2006, it was the first software product to bring mainstream virtualization to Macintosh computers utilizing the Apple–Intel architecture (earlier software products ran PC software in an emulated environment). Its name initially was 'Parallels Workstation for Mac OS X', which was consistent with the company's corresponding Linux and Windows products. This name was not well received within the Mac community, where some felt that the name, particularly the term “workstation,” evoked the aesthetics of a Windows product. Parallels agreed: “Since we've got a great Mac product, we should make it look and sound like a Mac product...”, it was therefore renamed ‘Parallels Desktop for Mac’. On January 10, 2007, Parallels Desktop 3.0 for Mac was awarded “Best in Show” at MacWorld 2007. Parallels Desktop for Mac is a hardware emulation virtualization software, using hypervisor technology that works by mapping the host computer's hardware resources directly to the virtual machine's resources. Each virtual machine thus operates identically to a standalone computer, with virtually all the resources of a physical computer. Because all guest virtual machines use the same hardware drivers irrespective of the actual hardware on the host computer, virtual machine instances are highly portable between computers. For example, a running virtual machine can be stopped, copied to another physical computer, and restarted. Parallels Desktop for Mac is able to virtualize a full set of standard PC hardware, including A virtualized CPU of the same type as the host's physical processor, ACPI compliance system, A generic motherboard compatible with the Intel i965 chipset, Up to 64 GB of RAM for guest virtual machines, Up to 2 GB of video RAM (VRAM), VGA and SVGA video adapter with VESA 3.