Marvell Completes Acquisition of Avera Semi

Creates Leading ASIC Provider for Wired and Wireless Infrastructure

SANTA CLARA, Calif., Nov. 5, 2019 — (PRNewswire) —  Marvell (NASDAQ: MRVL) today announced that it has completed its acquisition of Avera Semiconductor, the Application Specific Integrated Circuit (ASIC) business of GLOBALFOUNDRIES.  After working capital adjustments, the net deal consideration of approximately $600 million is being funded by a short-term bridge loan.  By combining Marvell's advanced technology platform and scale with Avera's custom design capabilities, Marvell is now able to offer the complete spectrum of semiconductor solutions spanning 5G, data center, enterprise, and automotive applications.

"With the addition of Avera, we have created an infrastructure ASIC powerhouse with immediate scale and complete design flexibility, making Marvell the ideal partner for leading wireline and wireless OEMs," said Matt Murphy, president and CEO of Marvell.  "The Avera team, originally part of IBM's Microelectronics business, has built a 25-year heritage of delivering leading solutions to blue-chip customers, and we are thrilled welcome them to Marvell."

About Marvell
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.  To learn more, visit: https://www.marvell.com

Marvell Media Relations

Hanna Kang
Senior Manager, Public Relations
408-222-3780
hhkang@marvell.com  

Kristin Hehir
Senior Manager, Public Relations
408-222-8744
kristinh@marvell.com

 

Marvell is a leading provider of infrastructure semiconductor solutions. (PRNewsfoto/Marvell Technology Group Ltd.)

Cision View original content to download multimedia: http://www.prnewswire.com/news-releases/marvell-completes-acquisition-of-avera-semi-300951883.html

SOURCE Marvell

Contact:
Company Name: Marvell, Avera Semiconductor
Web: http://www.marvell.com
Financial data for Marvell, Avera Semiconductor

Featured Video
Jobs
CAD Engineer for Nvidia at Santa Clara, California
Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
GPU Design Verification Engineer for AMD at Santa Clara, California
Sr. Silicon Design Engineer for AMD at Santa Clara, California
Design Verification Engineer for Blockwork IT at Milpitas, California
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
Upcoming Events
SEMICON Japan 2024 at Tokyo Big Sight Tokyo Japan - Dec 11 - 13, 2024
PDF Solutions AI Executive Conference at St. Regis Hotel San Francisco - Dec 12, 2024
DVCon U.S. 2025 at United States - Feb 24 - 27, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise