Semiconductor company Marvell sought to strengthen its cloud portfolio, striking a $1.1 billion deal to acquire cloud and edge networking solutions company Innovium.
Speaking on The Six Five podcast with Moor Insights and Strategy founder Patrick Moorhead, Marvell COO Chris Koopmans said the deal “rounds out our portfolio of offerings for our hyperscale data center customers.” He added “Marvell now has the broadest portfolio of silicon solutions for hyperscale data centers to really help them design their next generation architecture.”
