Marvell to buy Inphi in $10 billion chip deal to bolster data center, 5G business

guest · Oct 29, 2020

Marvell to buy Inphi in $10 billion chip deal to bolster data center, 5G business
October 29, 2020
https://www.reuters.com/article/us-...bolster-data-center-5g-business-idUSKBN27E1T7

Chip supplier Marvell Technology Group Ltd on Thursday said it has agreed to buy peer Inphi Corp in a $10 billion cash-and-stock deal aimed at broadening Marvell’s footprint in data centers and 5G network infrastructure.

Marvell competes against Broadcom Inc to supply chips that move data around on copper-based cables. But Inphi designs chips that move data over fiber-optic cables hundreds of times faster than copper cables.
Companies such as Amazon.com, Alphabet Inc’s Google, Microsoft Corp and Facebook Inc use Inphi’s chips for optical connections inside the massive data centers that power their online services.

Inphi has also won deals to help Microsoft string together its data centers with high-speed optical connections and to connect various parts of 5G networks.
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The deal comes amid a flurry of tie-ups in the semiconductor industry this year.
After the deal, Marvell shareholders will own about 83% of the combined company, with Inphi shareholders owning about 17%.

While Marvell is headquartered in Silicon Valley, it’s currently domiciled in Bermuda.
After the transaction, both Marvell and Inphi will become subsidiaries of a new U.S.-domiciled holding company. The deal is expected to close in the second half of 2021.
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Marvell: Marvell to Acquire Inphi - Accelerating Growth and Leadership in Cloud and 5G Infrastructure

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Marvell to buy Inphi in $10 billion chip deal to bolster data center, 5G business

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