Marvell’s headquarters in Santa Clara, Calif.

Marvell Technology Group Ltd.

Marvell Technology Group Ltd. is nearing a deal to buy Inphi Corp. for as much as $10 billion, according to people familiar with the matter, in what would be the second big semiconductor tie-up this week as the industry rapidly consolidates.

The companies could announce a deal as soon as Thursday, assuming the talks don’t fall apart, the people said.

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