India, April 8 -- German semiconductor company Infineon Technologies AG (IFNNY) said on Tuesday that it has signed a definitive agreement to purchase Marvell Technology Inc.'s (MRVL) Automotive Ethernet business. The entire transaction is valued at $2.5 billion in cash.
The deal is subject to standard closing conditions, including regulatory approvals, and is expected to be completed by 2025-end.
Following the deal closure, Marvell's Automotive Ethernet business will become part of Infineon's Automotive division.
Infineon said that Ethernet is an important technology for enabling low-latency, high-bandwidth communication, which is essential for software-defined vehicles. Its potential also extends to related fields, such as humanoid robo...