Marvell to acquire XConn Technologies for $540m.

Marvell, a provider of data infrastructure semiconductor solutions, agreed to acquire XConn Technologies, a provider of advanced PCIe and CXL switching silicon, for $540m. “This combination creates a compelling switching platform for accelerated infrastructure, advancing Marvell’s connectivity strategy for next-generation AI and cloud data centers. With XConn, we add proven PCIe and CXL switch products, IP, and engineering talent to expand our UALink scale-up switch team. Combined with our pending acquisition of Celestial AI, we will be well positioned to deliver customers the performance, flexibility, and architectural choice they need as AI systems grow in size and complexity,” Matt Murphy, Marvell chairman and CEO.