© Marvell Technology Group Business | October 30, 2020
Marvell to acquire Inphi – accelerating growth in cloud and 5G infrastructure
Marvell Technology Group and Inphi Corporation have entered into a definitive agreement under which Marvell will acquire Inphi for about USD 10 billion.
The combined company, which will be domiciled in the US, will create a US semiconductor powerhouse with an enterprise value of approximately USD 40 billion. Under the terms of the definitive agreement, the transaction consideration will consist of USD 66 in cash and 2.323 shares of stock of the combined company for each Inphi share. Upon closing, Marvell shareholders will own approximately 83% of the combined company and Inphi stockholders will hold 17%. Inphi has built a high-speed data interconnect platform suited to meet the insatiable demand for increased bandwidth and low power for the cloud data centers and global networks of the future. The company’s high-speed electro-optics portfolio provides the connectivity fabric for cloud data centers and wired and wireless carrier networks, just as Marvell's copper physical layer portfolio does for enterprise and future in-vehicle networks. Combining Marvell's storage, networking, processor, and security portfolio, with Inphi's electro-optics interconnect platform, will see the creation of a powerhouse to be reckon with in data infrastructure. This transaction expands Marvell's addressable market, strengthens its customer base, and accelerates opportunities in hyperscale cloud data centers and 5G wireless infrastructure. In the official announcement, Matvell says that the combined scale will provide more resources and capabilities to continue to invest and better manage the rapidly ramping process technology costs. The transaction is expected to generate annual run-rate synergies of USD 125 million to be realised within 18 months after the transaction closes. "Our acquisition of Inphi will fuel Marvell's leadership in the cloud and extend our 5G position over the next decade," says Matt Murphy, president and CEO of Marvell, in the press release. "Inphi's technologies are at the heart of cloud data center networks and they continue to extend their leadership with innovative new products, including 400G data center interconnect optical modules, which leverage their unique silicon photonics and DSP technologies. We believe that Inphi's growing presence with cloud customers will also lead to additional opportunities for Marvell's DPU and ASIC products." "Marvell and Inphi share a vision to enable the world's data infrastructure and we have both transformed our respective businesses to benefit from the strong secular growth expected in the cloud data center and 5G wireless markets," adds Ford Tamer, President and CEO of Inphi. Upon closing, Ford Tamer, Inphi's President and CEO, will join Marvell's Board of Directors.
- NAND Flash revenue for 3Q20 up by only 0.3% QoQ due to weak server sales
- Intel to keep its number One in 2020
- Small Norwegian wireless sensor manufactured in Germany
- STMicro and YTO set up joint lab for smart agricultural equipment
- Trina Solar buys 1.2B units of 210mm monocrystal silicon wafers from Zhonghuan
GlobalWafers confirms takeover discussions with Siltronic The Taiwanese company says it is in advanced, near to final discussions on a takeover offer of German supplier of silicon wafers, Siltronic AG.
Covid-19 halts Chinese SK Hynix plant The discovery of an asymptomatic, but infected, employee brought SK Hynix’s plant in Chongqing, China to a halt on Sunday.
Murata to shut down Chinese production facility Saitama Murata Manufacturing, a subsidiary of Murata, will close its its coil production subsidiary Sheng Long TOKO Tech, located in Shenzhen, China, during December 2020
Antistat™ launch new product range of ESD Anti-fatigue matting Manufactured in the EU, Antistat’s new range of matting blends exceptional quality with durability offering a life span of up to 5 years.
Digi-Key inks new U.S. distribution partnership with MISCO Digi-Key Electronics has expanded its product portfolio to include a U.S. distribution partnership with MISCO, a resource offering complete audio solution services.
Arkema kickstarts capacity increase of fluoropolymer in China Arkema is starting up its 50% capacity increase of Kynar fluoropolymer for the lithium-ion battery business at its Changshu plant in China in December 2020, with the first commercial supplies for January 2021.
STMicro and YTO set up joint lab for smart agricultural equipment Semiconductor manufacturer STMicroelectronis, is teaming up with Chinese provider of agricultural and construction machinery YTO Group to establish a joint lab which will focus on R&D of electronic solutions for engine, vehicle, and agricultural controls in tractors.
12 new 1200V Hyperfast and Ultrafast Rectifiers from Vishay New Yorker Electronics has announced the availability of 12 new FRED Pt® Gen 5 1200 V Hyperfast and Ultrafast rectifiers from Vishay Semiconductor. The ideal choice for soft switched and resonant high frequency converters, it features a unique combination of low conduction and switching losses.
SKT's new AI chip changes the company's AI semiconductor business vision SK Telecom (SKT) has unveiled its new, self-developed, AI chip named SAPEON X220; a chip that, according to the company, will alter the company's AI semiconductor business vision.
Labour dispute at ST France – the conflict continues The strike at STMicroelectronics French operations continues. For the last four weeks, the site in Crolles has been on an indefinite strike following the company’s decision not to increase employee salaries this year.
Tachyum resumes hiring in Slovakia and USA Following a short halt due to COVID-19, the Silicon Valley and Slovakian semiconductor company says that it is restarting its hiring activities.
Intel CEO pens open letter to President-elect Biden Intel CEO Bob Swan is, in an open letter, urging the President-elect to invest in U.S. manufacturing.
Wafer acpacity by feature size shows strongest growth at <10nm IC capacity for leading-edge (<10nm) processes is expected to grow and become the largest portion of monthly installed capacity across the industry beginning in 2024, based on information in IC Insights’ Global Wafer Capacity 2020-2024 report.
Powell Electronics now Europe’s largest Positronic stockist Powell Electronics, the supplier of connectors and more for high-rel applications, is to become Europe’s largest stocking distributor of Positronic connectors following a franchise deal signed by the two companies.
Alps Alpine develops, starts shipping samples of HAPTIC Reactor Heavy Type Alps Alpine Co., Ltd. has developed the HAPTIC™ Reactor Heavy Type for powerful vibrations in touch feedback. Sample shipments, destined primarily for the automotive market, begin in October 2020, with a start to mass production expected in January 2021.
SkyWater and Multibeam form partnership to deploy Multibeam’s Innovative MEBL system Maskless lithography technology company, Multibeam Corporation, has disclosed a partnership to deploy Multibeam’s Multicolumn Electron-Beam Lithography (MEBL) system into SkyWater’s newly expanded fabrication facility in support the company roadmap to advance its manufacturing capabilities and accelerate growth.
Intel to keep its number One in 2020 Seven top-15 semiconductor suppliers forecast to show ≥22% growth this year with Nvidia expected to post a huge 50% increase, writes market researcher IC Insights in their latest report.
Trina Solar buys 1.2B units of 210mm monocrystal silicon wafers from Zhonghuan On 19 November 2020, Changzhou Trina Solar Energy and Tianjin Zhonghuan Semiconducto, signed a framework contract. Under the contract, Trina Solar intends to purchase 210mm monocrystal silicon wafers from Tianjin Huanou International Silicon Material Co., Ltd., a Zhonghuan subsidiary.
Kontron Industrial AI Platform for easy integration of Artificial Intelligence The Kontron Industrial AI Platform accelerates the use of AI algorithms for inference in industrial environments, such as quality control or predictive maintenance.
Luminar accelerates momentum with MobilEye design win Automotive lidar hardware and software supplier, Luminar Technologies, has struck a deal with Intel company, Mobileye, to supply Luminar lidar for the company’s Autonomous Vehicle (AV) Series solution in its next phase of driverless car development and testing.
Farnell boosts safety and hygiene portfolio with AMETEK Land AMETEK Land boasts a comprehensive range of non-contact temperature monitors and analysers including the new VIRALERT 3 Human Body Temperature Screening System for back-to-work safety checks.Load more news