Qualcomm Inc.

Marvell Technology buying chip maker Cavium in $6B deal

Marvell Technology has bid about $6 billion for Cavium in a cash-and-stock deal that would create a chip maker to compete with Intel and other giants in the industry.

The potential deal extends a long-running consolidation for computer chip producers which are trying to grow so that they can better supply tech leaders like Apple, Google and Samsung.

Last week, Qualcomm rejected an unsolicited, $103 billion buyout from Broadcom, saying the bid was too low.

Qualcomm last year said it would buy NXP Semiconductors for $38 billion. That deal remains under regulatory review. Avago Technologies purchased Broadcom for $37 billion in 2016.

Under the proposed deal...

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