
Marvell Technology agreed to acquire Innovium, a start-up offering switching silicon for cloud and edge data centers, in an all-stock transaction valued at $1.1 billion.Innovium, which is based in San Jose, California, offers high-performance switching silicon solutions for cloud and edge data centers. The company was founded in 2014 and has approximately 230 employees.Marvell, which has an extensive portfolio of Ethernet switch semiconductor solutions,...