Marvell to buy XConn Technologies in $540m deal

Marvell Technology has agreed the acquisition of XConn Technologies for approximately $540m, with the transaction comprising approximately 60% cash and 40% stock. The acquisition is set to strengthen Marvell’s portfolio in PCIe and CXL switching products, with the integration of XConn’s technology and engineering team expected to support the company’s data centre connectivity strategy, particularly in AI infrastructure. Marvell will issue roughly 2.5 million common shares as part of the stock component, ...