Picochip

Maija Palmer

Marvell, the US semiconductor company, has bought Xelerated, the Swedish maker of networking infrastructure chips, in a deal understood to be worth around $100m.

Meanwhile, UK-based Picochip was bought by Mindspeed Technologies, a US chip vendor, in a deal valued at up to $76.8m, including a $51.8m in cash and shares and up to $25m earn-out.   Read more