Marvell to Buy Inphi for $8.2 Billion to Grow in Cloud, 5G
- Deal is second big chip merger this week in banner year
- Marvell sees third-quarter revenue of about $750 million
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Marvell Technology Group Ltd. agreed to buy Inphi Corp. in a cash-and-stock deal valued at about $8.2 billion, marking the second big chip merger this week and adding to an already record year for semiconductor deals.
The transaction will help Marvell expand in the market for cloud data centers and 5G wireless infrastructure, the companies said in a statement Thursday.