Marvell snags Inphi in yet another semiconductor tie-up

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There's more consolidation in the semiconductor sector as Marvell Technology said Thursday that it would acquire Inphi in a cash-and-stock deal worth $10.63 billion
Marvell snags Inphi in yet another semiconductor tie-up

SANTA CLARA, Calif. -- The pace of consolidation in the semiconductor industry continues to accelerate with Marvell Technology saying Thursday that it will pay $10.63 billion for Inphi in a cash-and-stock deal.

Marvell, which makes integrated circuits and semiconductor infrastructure, said the combined company will be reorganized and based in the U.S. Marvell is currently domiciled in Bermuda.

Shareholders of Inphi, which specializes in high-speed date transmission, will get $66 per share of Inphi stock and about 2.3 shares in the combined company. Upon…
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