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Marvell completes Cavium acquisition

Semiconductor company Marvell Technology announced on Friday that it has completed the acquisition of Cavium, designer of communications and storage integrated circuits (ICs). The addition of Cavium should boost Marvell’s position in the infrastructure market, especially in storage and networking.

Marvell announced the $6-billion deal originally in November 2017. China’s State Administration for Market Regulation approved the deal on June 28, despite the ongoing trade war posturing of the U.S. and China.

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