Marvell to buy Innovium
Innovium has 25.6Tbps TERALYNX 8 switch silicon for cloud switching applications.
“If you just look at all the Semiconductor end markets and where the biggest growth is going to come from over the next five to 10 years across the whole chip industry, it’s just breathtaking if you look at the capital expenditure commitments these companies are making,” says Marvell CEO Matt Murphy said.
Innovium is expected to have sales of $150 million in its next fiscal year.
Marvell will pay $1.1 billion in stock. Innovium has $145 million in cash.