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Marvell to Acquire XConn for $540 Million, Boosting AI Infrastructure

1/7/2026

Summary

Story summary

Marvell Technology, a California-based company, will acquire XConn Technologies for $540 million.
The deal will enhance Marvell's infrastructure with AI connectivity from XConn's PCIe and CXL switching silicon.
The transaction will close in early 2026 after regulatory approvals.
Marvell will finance the acquisition with 60% cash and 40% stock.
XConn's revenue is projected to reach about $100 million by fiscal 2028, starting in the second half of fiscal 2027.

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Story summary

Marvell Technology, a California-based company, will acquire XConn Technologies for $540 million.
The deal will enhance Marvell's infrastructure with AI connectivity from XConn's PCIe and CXL switching silicon.
The transaction will close in early 2026 after regulatory approvals.
Marvell will finance the acquisition with 60% cash and 40% stock.
XConn's revenue is projected to reach about $100 million by fiscal 2028, starting in the second half of fiscal 2027.