Germany's Infineon Technologies (OTCQX:IFNNY) agreed to purchase Marvell Technology's automotive ethernet business for about $2.5 billion in cash. Marvell rose 3% in after-hours trading.

Marvell to sell Automotive Ethernet unit to Infineon for $2.5B in all-cash deal, closing expected by end of 2025. Segment to generate ~$225M revenue with 60% gross margin; move boosts shareholder ...

Jochen Hanebeck, CEO of Infineon added, "We will leverage this highly complementary Ethernet technology by combining it with our existing, broad product portfolio to provide our customers with ...

April 7 (Reuters) - German chipmaker Infineon Technologies (IFXGn.DE), opens new tab said on Monday it would buy Marvell Technology's (MRVL.O), opens new tab automotive ethernet business for about ...

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Germany-based chipmaker Infineon Technologies is set to enhance its automotive systems capabilities with the acquisition of Marvell Technology’s Automotive Ethernet business. The deal ...

Marvell Technology has agreed to sell its Automotive Ethernet business to Infineon Technologies in a deal worth $2.5 billion. Marvell sell Automotive Ethernet business to Infineon for $2.5bn Credit: ...

The acquisition includes Marvell's Brightlane® Automotive Ethernet portfolio and related assets. This transaction has been approved by Marvell's Board of Directors, and is expected to close ...

Majors ether (ETH) and xrp (XRP) traded above $1,900 and $2.15, respectively, with technical analysis suggesting higher moves in the near term. But the euphoria was short-lived as crypto majors ...

Marvell is to sell its Automotive Ethernet division to Infineon for $2.5 billion in cash. The division expects sales of $225-$250 million this year at a 60% gross margin. The acquisition includes ...

Marvell (MRVL) “announced that it has entered into a definitive agreement under which Infineon Technologies AG (IFNNY) will acquire Marvell’s Automotive Ethernet business in an all-cash ...

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