M&A Deal Summary

Marvell Acquires Avera Semiconductor

On May 20, 2019, Marvell acquired semiconductors company Avera Semiconductor from GlobalFoundries

Acquisition Highlights
  • This is Marvell’s 10th transaction in the Semiconductors sector.
  • This is Marvell’s 6th transaction in the United States.
  • This is Marvell’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2019-05-20
Target Avera Semiconductor
Sector Semiconductors
Buyer(s) Marvell
Sellers(s) GlobalFoundries
Deal Type Divestiture

Target

Avera Semiconductor

Rochester, Minnesota, United States
Avera Semiconductor LLC is a supplier of infrastructure semiconductor solutions, Brings World-class ASIC IP and Development Capabilities for Wired and Wireless Applications. Leverages Significant System-level Expertise and Design Capacity with Deep IBM Heritage.

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Buyer(S) 1

Buyer

Marvell

Wilmington, Delaware, United States
Category Company
Founded 1995
Sector Semiconductors
Employees6,511
Revenue 5.5B USD (2024)
DESCRIPTION
Entrance to Marvell's corporate campus in Santa Clara, California.
Entrance to Marvell's corporate campus in Santa Clara, California.

Marvell is a fabless semiconductor company. Marvell’s U.S. operating subsidiary is based in Santa Clara, California and Marvell has international design centers located in China, Europe, Hong Kong, India, Israel, Japan, Malaysia, Singapore, Taiwan and the U.S. Marvell has expertise in microprocessor architecture and digital signal processing, and provides solutions for multiple platforms including high volume storage, mobile and wireless, networking, consumer and green products. Marvell was founded in 1995 and is based in Wilmington, Delaware.

DEAL STATS #
Overall 11 of 14
Sector (Semiconductors) 10 of 13
Type (Divestiture) 5 of 5
State (Minnesota) 1 of 1
Country (United States) 6 of 9
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-06 Aquantia

Milpitas, California, United States

Aquantia Corp. is a provider of high-speed Ethernet connectivity solutions for data centers, mobile and Enterprise infrastructure. Aquantia was founded in 2004 and is based in Milpitas, California.

Buy $452M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-29 Inphi

Santa Clara, California, United States

Inphi Corp. is a provider of high-speed, mixed signal semiconductor solutions for the communications, data center and computing markets. Inphi was founded in 2000 and is based in Santa Clara, California.

Buy $10.0B

Seller(S) 1

SELLER

GlobalFoundries

Malta, New York, United States
Category Company
Founded 2009
Sector Semiconductors
Employees12,000
Revenue 7.4B USD (2023)
DESCRIPTION

GlobalFoundries is a semiconductor manufacturer that delivers feature-rich solutions that enable its customers to develop innovative products for pervasive chips for high-growth markets. GF provides a broad range of feature-rich process technology solutions with a unique mix of design,?development?, and fabrication services. GlobalFoundries was formed in 2009 and is based in Malta, New York.

DEAL STATS #
Overall 1 of 1
Sector (Semiconductors) 1 of 1
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-01 Tagore Technology - Power Gallium Nitride IP portfolio

Arlington Heights, Illinois, United States

Tagore Technology’s Power Gallium Nitride (GaN) IP portfolio is a high-power density solution designed to push the boundaries of efficiency and performance in a wide range of power applications in automotive, internet of things (IoT) and artificial intelligence (AI) datacenter.

Buy -
Mergr

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