Marvell Technology announced on August 14, 2025 that it had completed the sale of its Automotive Ethernet business to Infineon Technologies AG for $2.5 billion in an all-cash transaction.

1. 01

   Marvell Technology announced on August 14, 2025 that it had completed the sale of its Automotive Ethernet business to Infineon Technologies AG for $2.5 billion in an all-cash transaction.

2. 02

   The company said the transaction closed eleven days into its third quarter of fiscal 2026, during which the Automotive Ethernet business contributed mid-single-digit millions of dollars in revenue.

3. 03

   The company said that effective August 15, 2025, its financial results will no longer include contributions from the Automotive Ethernet business. It added that it does not expect the transaction to have a material impact on its non-GAAP earnings per share.

4. 04

   The company said that in the Asset Purchase Agreement entered into on April 7, 2025 with Infineon, it agreed to license certain intellectual property to the Buyer and to provide certain temporary transition services following completion of the transaction. As previously disclosed, the company expected the business to contribute $225 million to $250 million in revenue during fiscal 2026.

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Original filing

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