FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “Inphi to be Acquired by Marvell Technology Group in USD 10 Billion Deal”
Inphi Corp (NASDAQ: IPHI) opened 22% over its previous day’s close as the Marvell Technology Group agreed to buy the company for about $10 billion in cash and stock transaction.
The cash-and-stock deal would expand Marvell’s data center and 5G network infrastructure businesses and fuel the company’s leadership in the cloud according to CEO Matt Murphy.
Marvell first revolutionized the digital storage industry by moving information at speeds never thought possible. Today, that same breakthrough innovation remains at the heart of the company’s storage, processing, networking, security and connectivity solutions. With leading intellectual property and deep system-level knowledge, Marvell’s semiconductor solutions continue to transform the enterprise, cloud, automotive, industrial and consumer markets.
Inphi corporation is a leader in high-speed data movement. We move big data fast, throughout the globe, between data centers, and inside data centers. Inphi’s expertise in signal integrity results in reliable data delivery, at high speeds, over a variety of distances. As data volumes ramp exponentially due to video streaming, social media, cloud-based services, and wireless infrastructure, the need for speed has never been greater. That’s where we come in. Customers rely on Inphi’s solutions to develop and build out the Service Provider and Cloud infrastructures, and data centers of tomorrow.