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Investor Relations | Marvell Marvell To Acquire Innovium - Accelerates Cloud Growth With Expanded Ethernet Switching Portfolio Innovium's leading cloud - optimized switches to complement Marvell's extensive Ethernet offerings Broadens Marvell's portfolio of silicon solutions targeting cloud data centers - Expected to add $ 150 million in incremental revenue in fiscal 2023 Transaction expected to be neutral to Marvell's non - GAAP earnings per share in the first full quarter after the transaction closes , and accretive in the first full fiscal year thereafter -- SANTA CLARA , Calif . and SAN JOSE , Calif . , Aug. 3 , 2021 / PRNewswire / Marvell Technology , Inc. ( NASDAQ : MRVL ) , a leader in infrastructure semiconductor solutions , and Innovium , Inc. , a leading provider of networking solutions for cloud and edge data centers , today announced a definitive agreement , under which Marvell will acquire Innovium in an all - stock transaction . Marvell has an extensive portfolio of Ethernet switch semiconductor solutions with a strong and growing position in the enterprise and carrier segments it services with a broad portfolio of feature - rich products . Given Marvell's growing momentum in the cloud data center market , which was further enhanced with the recent acquisition of Inphi , developing dedicated high radix , performance optimized switch silicon for use in hyperscale data centers is of growing strategic importance . Innovium's TERALYNX® switching architecture delivers the ultra - low latency , optimized power , high performance , and innovative telemetry that are critical in today's cloud - scale data centers . The company has steadily grown to become a strong supplier in the merchant cloud semiconductor switching market . The planned acquisition of Innovium allows Marvell to immediately participate in the fastest growing segment of the switch market with a cloud - optimized solution . Going forward , Innovium has been selected to become a significant supplier at a Tier 1 cloud customer , and this is expected to drive a significant revenue ramp in calendar 2022. In addition , Innovium is currently engaged with several other leading cloud data center customers in building out their future network architectures . By calendar 2026 , the data center market for merchant Ethernet switch silicon is estimated to grow to approximately $ 2 billion at a 15 % CAGR . Marvell's scale and leading technology platform will enable the extended team to accelerate their roadmap in this large and fast - growing market . The future architecture of the cloud data center will be more connected than ever - with optics forming the interconnect fabric . With the broadest technology platform in the industry , Marvell is positioned to become a leader in cloud data center solutions , including : • High - speed Electro - Optical PAM4 and Coherent DSP chipsets Pluggable COLORZTM DCI modules • OCTEONTM - based DPUs for security , offload , and acceleration • Custom Arm - based server CPUs • Full custom ASICs • BraveraTM Flash and HDD - based storage • And on closing the acquisition of Innovium , cloud - optimized Ethernet switches This portfolio positions Marvell as the semiconductor solutions partner of choice for the cloud . The addition of Innovium will provide Marvell with incremental engineering resources to focus on cloud optimized silicon through the TERALYNX® platform as the 9K product family , while continuing to drive its Prestera ™ M 2K to 8K product families for the enterprise and carrier switch market . Dedicated architectures will accelerate Marvell's ongoing growth in the 5G , cloud , enterprise , and automotive end markets , which all leverage Marvell's Ethernet platform . Marvell expects the acquisition of Innovium will enable the addition of approximately $ 150 million in incremental revenue next fiscal year . The transaction is expected to be neutral to Marvell's non - GAAP earnings per share in the first full quarter after the transaction closes , and accretive in the first full fiscal year thereafter . Innovium Chief Technology Officer and Founder Puneet Agarwal , who has more than 20 years of experience in defining and architecting groundbreaking products , will join Marvell after close of the transaction . He will be