The Technology team guided XConn Technologies (“XConn”) on the completion of its previously announced acquisition by Marvell Technology, Inc. (“Marvell”), a leader in data infrastructure semiconductor solutions. The acquisition expands Marvell’s switching portfolio with XConn’s PCIe and CXL products and strengthens Marvell’s capabilities in scale-up connectivity for next-generation AI and cloud data center architectures. Marvell expects initial revenue contributions from XConn to begin in the third quarter of fiscal 2027, ramping to a $50 million annualized run rate in the fourth quarter of fiscal 2027. In fiscal 2028, Marvell expects XConn to contribute $100 million in revenue.
Goodwin partner Andrew Sparks originally helped the founder form XConn and has assisted throughout its corporate lifecycle.
XConn Technologies Holdings, Inc. is the innovation leader in next-generation interconnect technology for high-performance computing and AI applications. The company is the industry's first to deliver a hybrid switch supporting both CXL 2.0 and PCIe Gen5 on a single chip. Privately funded, XConn is setting the benchmark for data center interconnect with scalability, flexibility, and performance.
The Goodwin team was led by Andrew Sparks, Justin Smith, Peter Moorman, Ryan Reshke, Artimus D. Cunningham, Amy Kim, Chris Garcia, Andre Coronado, Gabriela d’Souza, Monica Patel, James Oh, Austin Fahnstock, Jia Jia Huang, Chalaun Lomax, Samantha Mita, Lilla Lavanakul, Ora Grinberg, Garrett Gaughan, Meg Thering, Lauren NuDelman, Laura Conway, Richard Matheny, Carrie Miller, Ce Li, Carrie Clowney, Jacqueline Klosek, Jonathan Ng, Andrew M. Lacy, Simone Waterbury, Brady P. P. Cummins, Nick Pellow, Danielle Fong, Stuart Ogg, Justin Anslow, Ai Tajima and Edward Newton with invaluable assistance from Scott Zilora, Kees van der Kooij, and Natalia Yaroshevskiy.
For more information on the deal, please read the press release.