Chip Maker Marvell Buys Cavium in $6B Cloud Data Center Push

From PC Mag: Semiconductor maker Marvell Technology is beefing up its presence in the data center space by buying Cavium, an enterprise server technology vendor, for $6 billion.

The two companies want to target the "high growth" data center market at a time when businesses are moving to the cloud and carriers are deploying faster networks, generating need for more storage and better wireless connectivity, the CEOs of both companies said Monday.

"The data center opportunity is tremendous with a combined company," Marvell CEO Matt Murphy said in a Monday conference call.

Marvell, based in Santa Clara, California, is perhaps best known for making the storage controllers in HDD and SSD memory drives. It also develops Wi-Fi and Bluetooth chipsets. The company intends to combine that tech with Cavium's data center processors and enterprise networking offerings.

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