Smith Collection/Gado/Getty Images Semiconductor firm Inphi leapt as much as 33% in premarket trading on Thursday, after the Wall Street Journal reported that Marvell Technology could buy the company for as much as $10 billion.A deal could come as soon as next week, sources told the Journal.The potential agreement would add to Marvell's reach in the networking industry, which has been one of Inphi's strongest growth-drivers this year.The deal marks the second biggest tie-up this week in the semiconductor industry.Visit Business Insider's homepage for more stories.Inphi Corp shares soared as much as 33% in pre-market trading on Thursday after the Wall Street Journal reported that chipmaker Marvell Technology is in talks to buy the California-based company for as much as $10 billion.
Similar Stories to Inphi Soars 33% On Report Chipmaker Marvell Is In Talks To Buy It For $10 Billion on Bing News
snagarajan@businessinsider.com (Shalini Nagarajan), Business Insider
Thu, 10/29/2020 - 4:48am
Topics: smith collection/gado/getty images semiconductor visit business insider inphi corp california-based amd microsoft cisco european ubs barclaysmarvell cavium analog devices bought maxim integrated products for arm holdings faanmgs covid-19 inphi wall street journal marvell technology us marvell business insider report billion talks to buy trading deal week shares pre-market thursday networking biggest share storage strongest year agreement add major company original stocks closed data
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