Marvell to buy chip startup Celestial AI to boost networking portfolio

Core Viewpoint - Marvell Technology is acquiring semiconductor startup Celestial AI for a total of $3.25 billion in a cash-and-stock transaction to enhance its networking product offerings amid increasing competition in the semiconductor industry [1] Group 1: Acquisition Details - The acquisition deal is valued at $3.25 billion, combining both cash and stock components [1] - This strategic move aims to bolster Marvell's capabilities in networking products [1] Group 2: Industry Context - The semiconductor industry is experiencing intensified competition, prompting companies like Marvell to seek innovative solutions through acquisitions [1]