Marvell acquires Tanzanite, enhances cloud-optimized CXL Portfolio
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Marvell (NASDAQ:MRVL) announced a definitive agreement to acquire privately-held Tanzanite Silicon Solutions, developer of advanced Compute Express Link technologies, in an all-cash transaction.
Tanzanite has developed extensive expertise in CXL technology that will help further accelerate Marvell's vision of fully composable cloud infrastructure.

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.
The future cloud data center will be built on fully disaggregated architecture utilizing CXL technology, requiring greater high-speed interconnectivity than ever combined with optimized compute, networking, memory, security and storage chipset solutions.
The transaction is expected to close in Q2 of this fiscal year.