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Marvell Technology to buy chipmaker Cavium for about $6 billion

Marvell Technology to buy chipmaker Cavium for about $6 billion

November 20, 2017

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In another consolidation move in the semiconductor industry, chipmaker Marvell Technology announced it will acquire competitor Cavium Inc. for approximately $6 billion. It’s estimated that the combined company will generate about $3.4 billion in annual revenue.

Bermuda-based Marvell makes semiconductors for data-storage devices while California-based Cavium produces communications and networking chips. The deal better positions Marvell to compete with bigger rivals, including Intel and Broadcom, in a semiconductor industry that has changed a lot over the past couple years as companies buy out rivals.

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