# Marvell near deal to buy semiconductor rival Inphi for as much as $10 billion
Table of Contents
“#
Marvell near deal to buy semiconductor rival Inphi for as much as $10 billion
”
Marvell’s headquarters in Santa Clara, Calif.
Marvell Technology Group Ltd.
Marvell Technology Group Ltd. is nearing a deal to buy Inphi Corp. for as much as $10 billion, according to people familiar with the matter, in what would be the second big semiconductor tie-up this week as the industry rapidly consolidates.
The companies could announce a deal as soon as Thursday, assuming the talks don’t fall apart, the people said.
MRVL,
which has a market value of roughly $26 billion, primarily makes chips used in data storage and networking. Buying Inphi
IPHI,
would help Marvell expand its reach in networking, a fast-growing segment that has helped push Inphi’s stock up roughly 50% this year.
The semiconductor industry is in the midst of a full-fledged merger frenzy, all the more surprising in the middle of a pandemic. It has been fueled by surging demand for laptops and videogames, with people stuck at home, as well as growth in the data centers that facilitate companies’ shifting business activity online.
An expanded version of this report appears on WSJ.com.
Also popular on WSJ.com:
U.S. states face biggest cash crisis since the Great Depression.
Baseball is trying to figure out how its bubble broke, but answers may be difficult to get.
For forums sites go to Forum.BuradaBiliyorum.Com
If you want to read more News articles, you can visit our News category.
