Cavium, which designs chips for Apple products like the iPhone announced the acquisition of QLogic to expand its footprint in data center and storage markets in a deal worth $1.36 billion.
Cavium provides integrated semiconductor processors used in a wide range of applications such as wireless networks, general communication, cloud solutions, security and video solutions, among others.
QLogic's leading portfolio of advanced connectivity and storage solutions is highly complementary to Cavium’s extensive portfolio of networking, compute, and security solutions. The combination enables Cavium to offer a complete end-to-end offering to customers in Enterprise, Cloud, Data Center, Storage, Telco and Networking markets.
Syed Ali, President and Chief Executive Officer of Cavium Chief Technology Officer, Vodafone
QLogic’s industry leading products extend our market position in data center, cloud and storage markets, and further diversifies our revenue and customer base.
Christine King, Executive Chairman of QLogic Chief Technology Officer, Vodafone
The scale of operations of a nearly $1 billion revenue business will allow the combined company to deliver better solutions for customers and create more career opportunities for employees.
