US semiconductor giant Marvell said Thursday it was buying rival Inphi in a cash-and-stock deal estimated to be worth $10 billion, the second major tie-up in the sector moving into cloud computing and 5G wireless.

The deal combines Marvell's strength in the digital storage industry with Inphi's operations in high-speed data movement.

The news comes two days after Advanced Micro Devices said it had struck a deal to buy chip-making rival Xilinx in a $35 billion megadeal.

Marvell and Inphi, both based in Silicon Valley, would have a combined enterprise value of $40 billion under the deal expected to close in 2021.

"Our acquisition of Inphi will fuel Marvell's leadership in the cloud and extend our 5G position over the next decade," said Matt Murphy, president and chief executive of Marvell.

"Inphi's technologies are at the heart of cloud data center networks and they continue to extend their leadership with innovative new products," he said.

The companies said their operations are complementary and would lead to some $125 million in cost savings through synergies.

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AMD buys computer chip rival Xilinx for $35 billion
New York (AFP) Oct 27, 2020
Advanced Micro Devices said Tuesday it had struck a deal to buy computer chipmaking rival Xilinx in a $35 billion megadeal that consolidates the sector which is being transformed by the global pandemic. The tie-up will help AMD ramp up its challenge to Intel for personal computer chips and broaden its portfolio to products for data centers, industrial systems and other sectors. "The combination will create the industry's leading high performance computing company, significantly expanding the bre ... read more