Home / Centerstage / 2017 / november / Week 2 /
Marvell Technology Group Ltd. is nearing a deal to acquire chip maker Cavium Inc. for approximately $6 billion. The acquisition aims to create a more formidable competitor to industry giants like Intel Corp. and Broadcom Ltd. The deal is expected to be a combination of cash and stock, valuing Cavium at $80 or more per share. This move strengthens Marvell's position in the chip-making industry.
Friday, 17 November, 2017