Marvell to Acquire XConn Technologies, Expanding Leadership in AI Data Center Connectivity.

XConn Technologies Holdings, Ltd., one of our portfolio that provides advanced PCIe and CXL switching silicon, is set to be acquired by Marvell Technology (MRVL-US) in a transaction valued at $540 million USD. The deal aims to strengthen Marvell’s own Ultra Accelerator Link (“UALink”) product line and technology depth in high-speed interconnect and switching silicon solutions for data centers. The acquisition will as well enable Marvell to expand its Total Addressable Market (“TAM”) by addressing the growing PCIe and CXL switch opportunity. 


References for further details:
https://investor.marvell.com/news-events/press-releases/detail/1004/marvell-to-acquire-xconn-technologies-expanding-leadership-in-ai-data-center-connectivity?_gl=1*1r7ez5j*_ga*MTU4OTczMjE3LjE3Njc4NDMyODU.*_ga_TB06EFZKBK*czE3Njc4NDMyODUkbzEkZzAkdDE3Njc4NDMyODckajU4JGwwJGgw