Why Is Marvell Technology Stock Gaining Tuesday? - Marvell Tech (NASDAQ:MRVL)

Marvell acquires XConn Technologies in $540M deal as AI data center race intensifies - Tech Startups

Marvell is making a clear bet on where AI infrastructure is heading next, and it is doing so with a $540 million acquisition. Marvell Technology said on Tuesday it will acquire XConn Technologies, a networking chip startup focused on PCIe […] The post Marvell acquires XConn Technologies in $540M deal as AI data center race intensifies first appeared on Tech Startups.

Why Is Marvell Technology Stock Gaining Tuesday? - Marvell Tech (NASDAQ:MRVL)

Marvell Technology, Inc. (NASDAQ:MRVL) stock rose Tuesday after the chipmaker announced an acquisition aimed at strengthening its position in AI and data center connectivity. Marvell agreed to buy XConn Technologies to strengthen its switching silicon lineup, adding expertise in advanced PCIe and CXL switch products. Marvell said the deal will expand its Ultra Accelerator Link switch portfolio and add experienced switching engineers. Also Read: …

Marvell Announces XConn Technologies Acquisition in CXL and PCIe Push

Marvell announced that it has reached a deal to acquire XConn Technologies in a push for CXL memory and PCIe switching The post Marvell Announces XConn Technologies Acquisition in CXL and PCIe Push appeared first on ServeTheHome.

Marvell expands AI interconnect portfolio with $540m XConn deal

Marvell is acquiring XConn to strengthen its PCIe, CXL, and UALink switching capabilities, combining electrical and optical interconnect expertise to become a vendor-neutral platform provider for large-scale AI data centers. In sum – what to know: Strategic deal – Marvell buys XConn for $540m, adding high-speed PCIe and CXL switches and engineering talent to its […]

Marvell to buy XConn Technologies in $540m deal

Marvell has agreed to acquire XConn Technologies for approximately $540m, with the transaction comprising around 60% cash and 40% stock.

Marvell stock slides after $540 million XConn deal as MRVL doubles down on AI data-center switching

New York, Jan 6, 2026, 18:54 EST — After-hours Marvell Technology (MRVL.O) shares fell 2.2% to $88.23 on Tuesday, even as U.S. stocks ended higher, after the chipmaker agreed to buy networking technology firm XConn Technologies for about $540 million. The stock was little changed in after-hours trading. MarketWatch The deal lands as investors scrutinize the plumbing behind the AI boom, not just the chips that do the math. As data centers scale u…