Marvell Technology Group Ltd. said Thursday it would buy Inphi Corp. in a cash-and-stock deal, in what would be the second big semiconductor tie-up this week as the industry rapidly consolidates.
Marvell, which has a market value of roughly $26 billion, primarily makes chips used in data storage and networking. Buying Inphi will help Marvell expand its reach in networking, a rapidly growing segment that had helped push Inphi’s stock up roughly 50% this year as of Wednesday’s close.
