Thursday, October 29, 2020

Inphi Acquired By Marvell In $10 Billion Deal

Semiconductor maker Inphi, which develops high speed interconnect semiconductors--and which was started in Westlake Village, where it continues to have major operations--is being acquired by fellow semiconductor company Marvell. Marvell said it would pay $66 in cash and 2.323 shares of stock of the combined company for each Inphi share. Inphi has been a public company since 2010, trading as IPHI on the NYSE. Inphi has its corporate headquarters in Silicon Valley, in Santa Clara, although it got its started in Westlake Village, where it continues to have engineering staff and a significant number of open engineering positions. Marvell said the acquisition will be accretive to its revenue growth, gross and operating margin.