After NVIDIA and AMD, Marvell Technology Goes Shopping With $10 Billion Inphi Takeover
Earlier this year, NVIDIA (NASDAQ: NVDA) announced its intent to purchase chip designer ARM Holdings for $40 billion, and more recently AMD (NASDAQ: AMD) reached an agreement to merge with Xilinx (NASDAQ: XLNX) for $35 billion.
Not to be left out of the feeding frenzy is Marvell Technology Group (NASDAQ: MRVL), which announced on Thursday it inked a deal to acquire data center and 5G mobile-network hardware provider Inphi (NASDAQ: IPHI) for $10 billion.
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Source Fool.com
