Marvell said on April 7, 2025 that it entered into an Asset Purchase Agreement with Infineon Technologies AG to sell its automotive ethernet business and related assets in an all-cash transaction valued at $2.5 billion.

1. 01

   Marvell said on April 7, 2025 that it entered into an Asset Purchase Agreement with Infineon Technologies AG to sell its automotive ethernet business and related assets in an all-cash transaction valued at $2.5 billion.

2. 02

   The company said the automotive ethernet business being sold is expected to generate revenue of $225 to 250 million in fiscal 2026. It said the deal includes the Brightlane Automotive Ethernet portfolio and related assets.

3. 03

   The company said the transaction has been approved by its Board of Directors and is expected to close within calendar year 2025, subject to customary closing conditions and regulatory approvals. It also said it will license intellectual property to the buyer and provide certain temporary transition services for a period after closing.

4. 04

   Marvell said Matt Murphy, Chairman and CEO, stated that data center end market accounted for 75% of consolidated revenue in the fiscal fourth quarter of 2025. It said it plans to discuss the transaction on its fiscal 2026 Q1 earnings conference call scheduled for May 29, 2025.

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Original filing

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