2 CPUs doubles that to 20 two-packs. Both the guests are configured with 1 VCPU with 2 cores along with 16 & 32 memory respectively.
Windows Server SPLA Licensing - wiki.msp.exchange • A minimum of 8 core licenses is required for each physical processor and a minimum of 16 core licenses is required for each server.
Windows Server Core-Lizenzierung – Thomas-Krenn-Wiki It’s also a better fit for today’s multicloud environments, …
VMware + Microsoft Windows Server Licenses Virtual Machine rights with Windows Server 2016 Standard and Datacenter. HPE has created a Windows Server 2016 Core Licensing Calculator to help you determine the licensing requirements for your customers’ systems. You simply select the edition (Standard or Datacenter), input the number of processors and cores that need to be licensed, and it will calculate the number and type of licenses that are required. Core licenses are sold in packs of two.
Windows Server 2022 Licensing & Pricing | Microsoft This is more to the trend of denser servers – that is, with more and more cores per server – and, possibly, in a nod to Azure.