MTSI - Marvell Adds A Premier Silicon Photonics Asset To Its Data Center Arsenal

• Marvell announced an agreement to acquire Inphi in a cash-and-stock deal that values Inphi at close to $158/share, or roughly $8.7B in enterprise value.
• Inphi fills one of the few gaps in Marvell's data center portfolio, adding leading optical interconnect assets to Marvell's processor, storage, security, and networking capabilities.
• Accretion from Inphi may not be all that large, but there could be underappreciated revenue and product design synergies, and Inphi is very nearly a unique asset.
• In a sector where investors have pivoted hard toward growth, Inphi further burnishes Marvell's growth potential.

For further details see: