Marvell buys network switching specialist XConn for $540M to boost its AI story

Chipmaker Marvell Technology Inc.’s stock moved higher today after the company announced plans to acquire the network interconnect startup XConn Technologies Holdings Inc. in a stock-and-cash deal valued at $540 million. XConn is a maker of interconnect switching technologies for artificial intelligence and data center infrastructure. The addition will help to strengthen Marvell’s own switching […]
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