Marvell to Acquire XConn Technologies for $540 Million to Enhance AI Data Center Solutions
Marvell Technology Inc. has agreed to acquire XConn Technologies for approximately $540 million, aiming to enhance its PCIe and CXL switching silicon portfolio to meet the increasing demand for high-bandwidth data center connectivity. The acquisition, which is expected to close in early 2026 pending regulatory approvals, will bolster Marvell's UALink scale-up switch team and is projected to contribute around $100 million in revenue by fiscal 2028.
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Marvell Technology Inc. has entered a definitive agreement to acquire XConn Technologies for approximately $540 million, expanding its portfolio in PCIe and CXL switching silicon. This acquisition enhances Marvell's UALink scale-up switch team with experienced engineers and targets the growing demand for high-bandwidth data center connectivity.
The deal aims to support evolving AI workloads and is expected to contribute revenue by the second half of fiscal year 2027, reaching about $100 million in fiscal 2028. The transaction will close in early calendar 2026, pending regulatory approvals.
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