WebAug 3, 2024 · Marvell acquires networking component provider Innovium for $1.1 billion Marvell's key interest in Innovium revolves around its switching architecture for cloud and edge data centers. Written... WebAug 3, 2024 · Marvell Technology, Inc. ( MRVL ), a semiconductor manufacturer, announced Tuesday a definitive agreement to acquire Innovium, Inc., a provider of networking solutions for cloud and edge data centers, in an all-stock deal worth $1.1 billion.
Marvell Completes Acquisition of Innovium - Oct 5, 2024
WebAug 3, 2024 · Chipmaker Marvell Technologies Inc. today announced that it has inked a $1.1 billion deal to buy Innovium Inc., a startup with a line of processors used by cloud … WebAug 3, 2024 · This portfolio positions Marvell as the semiconductor solutions partner of choice for the cloud. The addition of Innovium will provide Marvell with incremental engineering resources to focus on cloud optimized silicon through the TERALYNX TM platform as the 9K product family, while continuing to drive its Prestera TM 2K to 8K … jeer\u0027s a2
Marvell to acquire Innovium for $1.1B - SaaS Industry
WebAug 3, 2024 · Marvell Technology, Inc. , a semiconductor manufacturer, announced Tuesday a definitive agreement to acquire Innovium, Inc., a provider of networking … WebAug 3, 2024 · Innovium is expected to have sales of $150 million in its next fiscal year. Marvell will pay $1.1 billion in stock. Innovium has $145 million in cash. Recommended Articles Bluetooth Market Update 2024 sizes market for Bluetooth comms China asks WTO to intervene in chip manufacturing equipment ban WebAug 3, 2024 · Marvell is to buy SerDes startup Innovium for $1.1 billion. The acquisition takes it further into the datacentre. Last year Marvell bought Inphi for $10 jeer\u0027s a1