Marvell to Acquire Innovium - Accelerates Cloud Growth with Expanded Ethernet Switching Portfolio

PRNewswire

Aug 03, 2021

-- Innovium's leading cloud-optimized switches to complement Marvell's extensive Ethernet offerings

-- Broadens Marvell's portfolio of silicon solutions targeting cloud data centers

-- Expected to add $150 million in incremental revenue in fiscal 2023

-- Transaction expected to be neutral to Marvell's non-GAAP earnings per share in the first full quarter after the transaction closes, and accretive in the first full fiscal year thereafter

PR Newswire

SANTA CLARA, Calif. and SAN JOSE, Calif., Aug. 3, 2021

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