Marvell to Buy Rival Chip Company Inphi in Cash-and-Stock Deal

Marvell Technology  (MRVL) – Get Report reached an agreement to acquire rival semiconductor company Inphi  (IPHI) – Get Report in a cash-and-stock deal.

The deal marks the second big tie-up of semiconductor companies this week, following Advanced Micro Devices’  (AMD) – Get Report $35 billion acquisition of Xilinx  (XLNX) – Get Report.

Marvell said in a statement Thursday it intends to reorganize so that the combined company will be domiciled in the United States. The combined company will have an enterprise value of about $40 billion.

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