NXPI - Marvell: Continued Re-Positioning Through M&A

Just two weeks ago, I wrote the following article on Marvell (MRVL) ''A bolt-on deal to drive appeal, down the road.' The company acquired Aquantia (AQ) at the time as the company is still in the process of fully integrating the Cavium purchase of course, delivering on synergy benefits while the rest of the wider semiconductor market has seen some pressure. The more recent $452 million deal for Aquantia is really aimed at the long term as near-term sales and bottom line contribution are lacklustre.

The issue is that this