Marvell Technology Group on Monday announced that it had entered into agreement to buy Avera Semiconductor from GlobalFoundries for $650 million in cash.
The acquisition will bring additional chip design capabilities to Marvell and will enable it to develop a wider range of products. In particular, the company says that that the takeover will help it to strengthen its position as a leading supplier of infrastructure semiconductor solutions. Meanwhile the deal also sees Marvell signing a wafer supply agreement with GlobalFoundries.
GlobalFoundries spun off its ASIC Solutions division (which it got from IBM) into Avera Semiconductor in November 2018. The business unit helps chip designers to develop semi-custom of full-custom chips. Avera employs about 800 engineers and has a comprehensive portfolio of silicon-proven IP, including Arm cores, performance and density-optimized SRAMs, embedded TCAMs, high-speed SerDes, interfaces, and other useful IP. In particular, Avera has design experience in fields such as analog and mixed-signal and SoCs for switches, routers, and other devices. Right now, Avera is developing several projects for next-gen datacenters.
