Press release
Marvell Bolsters Cloud-Optimized CXL Portfolio with Acquisition of Tanzanite
Integrates into Marvell's Unique, End-to-End CXL Platform for Cloud Data Centers SANTA CLARA, Calif., May 9, 2022 /PRNewswire/ -- Marvell (NASDAQ: MRVL)
About this update from Marvell Technology, Inc.
[{"type":"text","content":" Integrates into Marvell's Unique, End-to-End CXL Platform for Cloud Data Centers \nSANTA CLARA, Calif., May 9, 2022 /PRNewswire/ -- Marvell (NASDAQ: MRVL) today announced a definitive agreement to acquire privately-held Tanzanite Silicon Solutions, Inc., a leading developer of advanced Compute Express Link™ (CXL™) technologies, in an all-cash transaction. Marvell's on-going data center-focused investments, including in its CXL solutions, have expanded the company's addressable market to advance the industry's most comprehensive portfolio of cloud-optimized silicon solutions. With today's announced acquisition, Marvell strengthens its CXL development initiatives. \nExisting server architectures face multiple memory scaling challenges and lack the ability to share memory resources efficiently. Simultaneously, workloads such as artificial intelligence (AI), machine learning (ML), analytics, and large-scale search, along with an emergence of the metaverse, are demanding increased memory performance and composability in the cloud. Silicon components based on CXL, an industry standard for connecting processors, accelerators and memory, will facilitate new cloud data center architectures with significant performance and efficiency benefits.\nTanzanite has developed extensive expertise in CXL technology that will help further accelerate Marvell's vision of fully composable cloud infrastructure. CXL is integral to the company's data center portfolio of compute, electro-optics, networking, security and storage. The benefits of CXL include infrastructure agility to instantly allocate resources tailored to workload requirements, resulting in improved utilization and reduced total cost of ownership (TCO).\n\"We believe that CXL will be a significant game-changer in enabling optimal resource utilization in next generation data centers, and the acquisition of Tanzanite advances our abilities to address our customers' most challenging issues,\" said Dan Christman, executive vice president, Storage Products Group, Marvell. \"Marvell's investment underscores our commitment to deliver on the promise of CXL across our industry-leading cloud portfolio spanning compute, electro-optics, networking, security and storage.\"\n\"We are excited to see our vision for CXL leadership take a leap forward as part of Marvell, a company that is renowned for its ...