Marvell Technology buying chip maker Cavium in $6B deal
SANTA CLARA, Calif. (AP) " Marvell Technology has bid about $6 billion for Cavium in a cash-and-stock deal that would create a chip maker to compete with Intel and other giants in the industry.The potential deal extends a long-running consolidation for computer chip producers which are trying to grow so that they can better supply tech leaders like Apple, Google and Samsung.Last week, Qualcomm rejected an unsolicited, $103 billion buyout from Broadcom, saying the bid was too [...]
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