REUTERS: Chip supplier Marvell Technology Group Ltd on Thursday said it has agreed to buy peer Inphi Corp in a US$10 billion cash-and-stock deal aimed at broadening Marvell's footprint in data centers and 5G network infrastructure.
Inphi has also won deals to help Microsoft string together its data centers with high-speed optical connections and to connect various parts of 5G networks. The deal comes amid a flurry of tie-ups in the semiconductor industry this year. Advanced Micro Devices Inc on Tuesday said it would buy Xilinx Inc in a US$35 billion deal, following Nvida Corp's US$40 billion purchase of SoftBank Group Corp's Arm Ltd and Analog Devices Inc's US$21 billion acquisition of Maxim Integrated Products.Under the deal, Marvell will give Inphi shareholders US$66 in cash and 2.32 shares of stock in the combined company for each share of Inphi.