From "Computing" to "Connectivity": Marvell's Strategy to "Capture the AI Infrastructure Market": Acquisitions of Celestial AI and XConn

In early 2026, the semiconductor industry, particularly the AI infrastructure market, is seeing Marvell Technology pursuing acquisitions in related fields. In December 2025, it announced the completion of its acquisition of Celestial AI, a company specializing in optical interconnect technology, and in January 2026, it agreed to acquire XConn Technologies, which holds PCIe and CXL switching technology. These moves can be understood as efforts that, in addition to expanding its product portfolio, anticipate the trend where the importance of "connectivity" (interconnects) is growing alongside "computing" in AI data centers.