# Marvell completes acquisition of Avera Semiconductor

Marvell completed its acquisition of Avera Semiconductor, the ASIC business of GLOBALFOUNDRIES, for a net deal consideration of approximately $600 million.

- Type: Acquisition
- Announced: 2019-11-05
- Where: United States
- Value: $600.0M
- Status: completed
- Products: application specific integrated circuits (ASICs)
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [GlobalFoundries](https://endata.com/companies/664.md) (partner)
- [Avera Semiconductor](https://endata.com/companies/39469.md) (target)
- [Marvell](https://endata.com/companies/39655.md) (acquirer)

## Sources

- [marvell.com](https://www.marvell.com/company/newsroom/marvell-completes-acquisition-of-avera-semi.html), 2019-11-04: "With the addition of Avera, we have created an infrastructure ASIC powerhouse with immediate scale and complete design flexibility, making Marvell the ideal partner for leading wireline and wireless OEMs."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.