Marvell 收购 XConn Technologies，扩大其在 AI 数据中心连接领域的佼佼者地位

引入先进 PCIe 和 CXL 交换机芯片产品组合；吸纳出众的工程技术人才，扩充 Marvell 的 UALink 纵向扩展交换机团队

加利福尼亚州圣克拉拉，2026 年 1 月 6 日 — 数据基础设施半导体解决方案的先驱者 Marvell Technology, Inc.(NASDAQ: MRVL) 今天宣布已签署最终协议，收购先进 PCIe 和 CXL 交换芯片提供商 XConn Technologies（“xConn”）。本次收购将引入 XConn 的 PCIe 与 CXL 产品，扩充 Marvell 的交换产品组合，并补强其超加速链路（“UaLink”）纵向扩展交换机团队，吸纳在高性能交换领域具备深厚专业知识、经验丰富的出众工程人才。

As AI workloads scale, data center system design is evolving from single-rack deployments to larger, multi-rack configurations. These next-generation platforms increasingly require a high-bandwidth, ultra-low latency scale-up fabric such as UALink to efficiently connect large numbers of XPUs and enable more flexible resource sharing across the system.

UALink is a new open industry standard purpose-built for scale-up connectivity, enabling efficient, high-speed communication so multiple accelerators can operate together as a single, larger system. UALink builds on decades of PCIe ecosystem innovation and incorporates proven high-speed I/O techniques to meet the bandwidth, latency, and reach requirements of next-generation accelerated infrastructure.

Marvell 与 XConn 携手组建了一支规模显著更大、高度整合的团队，以充分把握 UALink 交换机领域快速涌现的机遇，并在各方面支持越来越多希望与 Marvell 合作、共同推进下一代 AI 平台发展的客户与合作伙伴。

无与伦比的数据中心连接实力

Marvell 董事长兼首席执行官 Matt Murphy 表示：“此次整合为加速型基础设施打造了一个非常具竞争力的交换平台，推进了 Marvell 面向下一代 AI 和云数据中心的连接策略。通过收购 XConn，我们引入经过验证的 PCIe 和 CXL 交换机产品、知识产权以及工程人才，进一步扩充了我们的 UALink 纵向扩展交换机团队。再加上我们即将收购 Celestial AI，随着 AI 系统规模和复杂性的增长，我们将有充分能力为客户提供所需的性能、灵活性和架构选择。”

XConn 首席执行官 Gerry Fan 表示：“XConn 打造了业界端口数量非常高的先进 PCIe 5 和 PCIe 6 交换机产品组合，以支持下一代加速型基础设施”。“Marvell 带来了尖端的 SerDes 技术、出众的工艺路线图、深厚的超大规模客户关系以及全球化规模。我们有着共同的愿景，即高速连接是现代数据中心的基础，我们期待共同努力，帮助客户推动新一轮 AI 创新浪潮。”

Addressing New Markets

收购 XConn 后，Marvell 将能够通过把握不断增长的 PCIe 和 CXL 交换机市场机遇，扩大其总潜在市场（“TAM”）。PCIe 交换长期以来一直是传统计算架构的基础，现已成为加速型基础设施的关键组成部分。同时，CXL 已成为现代数据中心内存分离的关键技术。Marvell CXL 内存扩展控制器与 XConn 的 CXL 交换机相结合，将打造出业界非常周全的 CXL 产品组合，以支持要求苛刻的 AI 工作负载。

XConn is engaged with more than 20 customers to date. Its PCIe 5 and CXL 2.0 switches are in production today, and its PCIe 6 and CXL 3.1 switches are currently sampling. Marvell expects XConn CXL and PCIe switching products to begin revenue contribution in the second half of fiscal year 2027, at which time XConn will become accretive to Marvell’s non-GAAP earnings, ramping to approximately $100 million in revenue in fiscal 2028.

交易结构及条款

Marvell will acquire XConn for consideration valued at approximately $540 million, to be paid in a mix of approximately 60% cash and 40% stock, with the stock portion valued based on Marvell’s 20-day volume weighted average price (“VWAP”). The stock consideration is expected to represent approximately 2.5 million shares of Marvell common stock.

The transaction is expected to close in early calendar 2026, subject to customary closing conditions and regulatory approvals.

顾问

Wilson Sonsini Goodrich & Rosati 担任 Marvell 的法律顾问。Goodwin Proctor 担任 XConn 的法律顾问，且 Evercore 担任其财务顾问。

关于 Marvell

为了通过数据基础设施技术实现全球互联的愿景，我们正在构建非常强大的基础解决方案： 我们与客户携手。 30 年来，Marvell 深受世界位居前列的技术公司的信赖，以客户当前需求和未来理想为设计路线，运用专业半导体解决方案实现对全球数据的移动、存储、处理与保护。 通过深度协作、践行透明化的沟通方式，我们致力于促进未来企业、云和运营商架构的不断转型与完善。

About XConn Technologies

XConn 是高性能计算和 AI 应用下一代互连技术的创新先驱。该公司在业界推出了全新的单芯片同时支持 CXL 与 PCIe 协议的混合交换机。私人出资的 XConn 正以可扩展性、灵活性和性能为标杆，树立数据中心互连的新标准。如需了解更多信息，请访问：https://www.xconn-tech.com

This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction between Marvell and XConn, including statements regarding the benefits of the transaction and expected synergies, the anticipated timing of the closing of the transaction and the products and markets of each company. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the transaction or the Company’s proposed acquisition of Celestial AI may not be completed in a timely manner or at all, (ii) the failure to satisfy the conditions to the consummation of the transaction, including the receipt of governmental and regulatory approvals, if required, (iii) the effect of the announcement or pendency of the transaction on the business relationships, operating results, and business generally of XConn, (iv) potential difficulties in employee retention as a result of the transaction, (v) the ability of Marvell to successfully integrate XConn or Celestial AI’s operations and product lines, and (vi) the ability of Marvell to implement its plans, forecasts, and other expectations with respect to a business after the completion of the transaction. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict, including those described in the “Risk Factors” section of our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed by us from time to time with the SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and no person assumes any obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

Marvell Investor Relations:
Ashish Saran
Senior Vice President, Investor Relations
408-222-0777
ir@marvell.com

Marvell Media:
pr@marvell.com