Marvell Completes Divestiture of Automotive Ethernet Business to Infineon for $2.5 Billion

Details

completed the sale of its Automotive Ethernet business to Infineon Technologies AG for $2.5 billion in an all-cash transaction. The business was expected to contribute between $225 million and $250 million in revenue during fiscal 2026. Marvell does not expect the transaction to have a material impact on its non-GAAP earnings per share. Marvell will host a conference call on August 28, 2025, to review its second quarter fiscal 2026 financial results and provide third quarter guidance.

Items reported

Exhibits (1)

About Marvell Technology, Inc.

Marvell Technology, Inc. is a semiconductor company that develops and supplies a broad array of comprehensive solutions for data infrastructure. The primary purpose of Marvell Technology is to provide innovative silicon and software infrastructure solutions bridging the data center, enterprise networking, carrier infrastructure, and consumer markets. The company is renowned for its expertise in data processing and storage, offering high speed connectivity products and custom ASIC solutions. Marvell's product portfolio significantly impacts sectors such as cloud services, automotive, and industrial applications, contributing to advancements in storage, networking, and connectivity. Established in 1995, Marvell has been pivotal in enhancing the speed and efficiency of data transfer, which is crucial in handling large amounts of data generated across various applications. The company's ability to innovate continually within its field of semiconductor solutions positions it as a key player in driving growth and evolution within the technology industry. By collaborating with leading technology firms and continuously integrating advanced technologies, Marvell plays a critical role in supporting global connectivity and data management.