Mergers and Acquisitions (M&A): Marvell Technology, Inc. (NASDAQ: MRVL) to Acquire XConn Technologies for $540 Million
Westborough, Massachusetts – Marvell Technology, Inc. has announced the acquisition of XConn Technologies (https://www.xconn-tech.com/). According to the company announcement Marvell Technology, Inc. (NASDAQ: MRVL) is a prominent leader in data infrastructure semiconductor solutions, trusted by leading technology companies for over 30 years. The company specializes in semiconductor solutions designed to move, store, process, and secure the world’s data, catering to both current needs and future ambitions of its customers. Marvell is actively expanding its leadership in AI data center connectivity, as evidenced by its definitive agreement to acquire XConn Technologies, a provider of advanced PCIe and CXL switching silicon. This acquisition aims to enhance Marvell’s switching portfolio and augment its Ultra Accelerator Link (UALink) scale-up switch team with experienced engineering talent. The company’s strategy involves deep collaboration and transparency with partners to transform enterprise, cloud, and carrier architectures.
To learn more about Marvell Technology, Inc., visit https://www.marvell.com/
Company LinkedIn Page: https://www.linkedin.com/company/marvell/
Company Contact:
Marvell Technology, Inc.
8 Technology Dr #150
Westborough, MA 1581
408-222-2500
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