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Marvell Technology has acquired XConn Technologies for approximately $540 million, with the aim of enhancing its high-performance connectivity capabilities for data centers, particularly in AI infrastructure. The deal, expected to close in early 2026, is projected to contribute around $100 million in revenue by fiscal year 2028, while Marvell also announced a $5 billion share buyback program to counteract dilution effects. Analysts view the acquisition favorably, emphasizing its importance for maintaining competitiveness against rivals like Broadcom.