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Announced

Marvell to acquire Tanzanite.

Synopsis

Marvell, a semiconductors developer, agreed to acquire Tanzanite, a developer of advanced compute express link technologies. Financial terms were not disclosed. "We believe that CXL will be a significant game-changer in enabling optimal resource utilization in next generation data centers, and the acquisition of Tanzanite advances our abilities to address our customers' most challenging issues. Marvell's investment underscores our commitment to deliver on the promise of CXL across our industry-leading cloud portfolio spanning compute, electro-optics, networking, security and storage," Dan Christman, Marvell Executive Vice President of Storage Products Group.

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