Marvell Technology has bid about $6 billion for Cavium in a cash-and-stock deal that would create a chip maker to compete with Intel and other giants in the industry.
The potential deal extends a long-running consolidation for computer chip producers that are trying to grow so that they can better supply tech leaders such as Apple, Google and Samsung.
Last week, Qualcomm rejected an unsolicited, $103-billion buyout from Broadcom, saying the bid was too low.
Qualcomm last year said it would buy NXP Semiconductors for $38 billion. That deal remains under regulatory review. Avago Technologies purchased Broadcom for $37 billion in 2016.
Under the proposed deal...