Friday, 24 March, 2023
Marvell to acquire start-up chip firm Innovium for $1.1 bn
<p>Marvell Technology has agreed to buy start-up chip firm Innovium for $1.1 bn in stock, boosting its share of networking chips sold to huge cloud computing companies. Broadcom, Marvell's competitor, presently leads the market for switch chips. With its $10 bn purchase of Inphi last year, Marvell took a step toward entering that market. The Innovium chip, which competes directly with Broadcom, is found at the heart of the switches.<br />
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