The all-stock transaction is expected to close by the end of this year and will provide an exit to Qualcomm Ventures.

Innovium, a US-based developer of data centre network infrastructure technology backed by mobile chipmaker Qualcomm, has agreed to a $1.1bn acquisition by infrastructure semiconductor company Marvell.

The all-stock transaction, consisting of just over 19 million shares, remains subject to customary closing conditions and is expected to close by the end of this year.

Innovium’s networking technology for data centres powers cloud and edge applications. Its Teralynx software and scalable switches can handle data transfer speeds of up to 25.6 terabits…

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Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
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