Infineon to Acquire Marvells Automotive Ethernet Business for $2.5B


Infineon to Acquire Marvell’s Automotive Ethernet Business for $2.5B

📅 - Infineon Technologies AG has entered into a definitive agreement to acquire Marvell Technologys Automotive Ethernet business for $2.5 billion in cash. The acquisition, which includes Marvells Brightlane Automotive Ethernet portfolio and related assets, is expected to bolster Infineon's position in the growing automotive connectivity market. Subject to regulatory approvals and standard closing conditions, the deal is projected to close in 2025.

Marvells Automotive Ethernet division is projected to generate between $225 million and $250 million in revenue by fiscal year 2026, highlighting its growing relevance in the mobility sector.

The transaction reflects Infineons intent to strengthen [...][... Check source for end of article ...]
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