Global semiconductor company Marvell has completed the acquisition of Avera Semiconductor, the Application Specific Integrated Circuit (ASIC) business of GLOBALFOUNDRIES for approximately $600 million.
Details provided below:
- 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 to welcome them to Marvell.”