Marvell Technology, Inc. has completed its acquisition of XConn Technologies, a company specializing in PCIe and CXL switching silicon. This acquisition will enhance Marvell's capabilities in AI and cloud data center architectures.
Marvell Technology, Inc.
today announced that it has completed its previously announced acquisition of XConn Technologies, a provider of advanced PCIe and CXL switching silicon.
The post Marvell Completes Acquisition of XConn Technologies appeared first on Semiconductor Digest.
Marvell Technology, Inc. has completed its acquisition of XConn Technologies, a company specializing in PCIe and CXL switching silicon. This acquisition will enhance Marvell's capabilities in AI and cloud data center architectures.
The acquisition enhances Marvell's switching portfolio and capabilities in AI and cloud data center architectures.
Marvell expects initial revenue contributions from XConn to begin in the third quarter of fiscal 2027.
Marvell anticipates XConn will contribute $100 million in revenue in fiscal 2028.
The acquisition will add approximately $25 million in annual non-GAAP operating expenses and reduce Marvell's cash balance by $325 million.
The completion of the acquisition increased Marvell’s diluted weighted-average shares outstanding by approximately 2.7 million shares.
<a href="https://desdunia.com/semiconductors/marvell-completes-acquisition-of-xconn-technologies" target="_blank" rel="nofollow noopener">Marvell Completes Acquisition of XConn Technologies</a> (Desdunia, 2026-02-11)[Marvell Completes Acquisition of XConn Technologies](https://desdunia.com/semiconductors/marvell-completes-acquisition-of-xconn-technologies) — Desdunia (2026-02-11)https://desdunia.com/semiconductors/marvell-completes-acquisition-of-xconn-technologies<blockquote cite="https://desdunia.com/semiconductors/marvell-completes-acquisition-of-xconn-technologies">Marvell Completes Acquisition of XConn Technologies</blockquote>
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