Marvell Technology Acquires Tanzanite Silicon Solutions

May 9, 2022

Marvell Technology announced a definitive all-cash agreement to acquire privately-held Tanzanite Silicon Solutions, a developer of Compute Express Link (CXL) technologies, to strengthen Marvell's cloud-optimized CXL portfolio and accelerate composable data center initiatives. The transaction is expected to close in the second quarter of the current fiscal year, subject to customary closing conditions and Tanzanite shareholder approval.

Buyers
Marvell Technology
Targets
Tanzanite Silicon Solutions
Industry
Manufacturing
Location
California, United States
Transaction Type
Buyout

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