Marvell Finalizes XConn Buyout, Projects 20% Chip Growth for FY27
Marvell completed its acquisition of XConn Technologies, adding high-speed connector solutions to its portfolio and enhancing its optical interconnect offerings. The company trades at a forward P/E of 21, compared with Broadcom's 31, and forecasts 20% growth in custom chips for fiscal 2027 alongside diversified hyperscaler customers.
1. Acquisition of XConn Technologies
Marvell finalized its purchase of XConn Technologies, integrating XConn's high-speed electrical connectors to bolster its optical and copper interconnect portfolio and support end-to-end connectivity solutions for data centers.
2. Valuation and Growth Outlook
Shares trade at a forward P/E of 21, well below Broadcom's 31, while management forecasts 20% growth in custom chips for fiscal 2027, driven by demand from diversified hyperscalers and expansion of the optical connectivity segment.