Marvell to buy networking equipment firm XConn in $540 million deal amid AI infrastructure push

Core Viewpoint - Marvell Technology is acquiring XConn Technologies for approximately $540 million, emphasizing its commitment to expanding in the data center hardware sector amid increasing competition in the industry [1] Company Summary - The acquisition of XConn Technologies aligns with Marvell's strategy to enhance its portfolio in networking equipment [1] - The deal is valued at around $540 million, indicating a significant investment by Marvell in the networking space [1] Industry Summary - The move reflects a broader trend in the semiconductor industry, where companies are focusing on data center hardware to meet growing demand [1] - The acquisition is part of a competitive landscape as firms race to innovate and capture market share in networking solutions [1]