April 8, 2025, 12:20 am
Marvell Technology has completed the sale of its Automotive Ethernet division to Infineon Technologies in an all‐cash deal valued at $2.5 billion. The division, expected to generate between US$225 million and US$250 million in revenue this year, plays a crucial role in the automotive components market. This strategic exit marks a significant shift for Marvell as it recalibrates its portfolio, while Infineon strengthens its foothold in the rapidly evolving automotive connectivity landscape amid growing demand for smart vehicle solutions.
The Automotive Ethernet division is projected to generate between US$225 million and US$250 million in revenue this year.
Marvell Technology will sell its Automotive Ethernet business to Infineon Technologies for $2.5 billion in an all-cash deal.
2 stories from 2 sources in 9 days ago ... #innovation #semiconductors #networking #chips #hardware
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