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Marvell Technology Group Ltd. Announces Receipt of Chinese Regulatory Approval for Inphi Acquisition

By ET Bureau - March 24, 2021 2 Mins Read

Marvell Technology Group Ltd. Announces Receipt of Chinese Regulatory Approval for Inphi Acquisition

Marvell Technology Group Ltd. (NASDAQ: MRVL) (“Marvell”), a leading provider of data infrastructure semiconductor solutions, today announced that the State Administration for Market Regulation of the People’s Republic of China has approved the company’s previously announced proposed acquisition of Inphi Corporation (“Inphi”).

The transaction is currently expected to close in April 2021, pending approval by Inphi’s and our stockholders, as well as satisfaction of customary closing conditions.

About Marvell

To deliver the data infrastructure technology that connects the world, we’re building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world’s leading technology companies for 25 years, we move, store, process and secure the world’s data with semiconductor solutions designed for our customers’ current needs and future ambitions.

Check Out: An Interview with Jonathan Shulman, Vice President, Business Development iconectiv

Through a process of deep collaboration and transparency, we’re ultimately changing the way tomorrow’s enterprise, cloud, automotive, and carrier architectures transform—for the better.

Marvell and the M logo are registered trademarks of Marvell and/or its affiliates in the United States and/or elsewhere. Other names and brands may be claimed as the property of others.

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