Marvell

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

Marvell announced it has entered into definitive agreements to purchase Avera Semiconductor, the ASIC business of GLOBALFOUNDRIES. The acquisition includes Avera's revenue base, design wins, and a long-term wafer supply agreement.