Marvell Technology Group completed the acquisition of Inphi for $10bn.

Marvell Technology Group, a provider of infrastructure semiconductor solutions, completed the acquisition of Inphi, a provider of semiconductor components and optical subsystems, for $10bn. Under the terms of the definitive agreement, the transaction consideration consisted of $66 in cash and 2.323 shares of stock of the combined company for each Inphi share. "Together we will have the portfolio, capabilities, and scale to expand Marvell's leadership in its key growth end markets of 5G, Cloud and Automotive. I am also pleased that we are now organized as a US company and we look forward to continuing to drive innovation in semiconductor technology critical to the nation's data economy," Matt Murphy, Marvell President and CEO.