Infineon Technologies AG, headquartered near Munich, is a semiconductor group focused on power systems and IoT; it employed about 58,060 people worldwide and generated around EUR 15 billion of revenue in fiscal 2024.
On the buy side, Infineon arranged bridge financing for the purchase price to acquire Marvell's automotive Ethernet business, including the Brightlane portfolio of PHY transceivers, switches and bridges supporting speeds from 100 Mbps to 10 Gbps.
Strategically, the acquisition adds Marvell's automotive Ethernet assets to Infineon's automotive microcontroller franchise to deepen system expertise for software-defined vehicles.
Marvell Technology is positioned as a data infrastructure semiconductor company, and the assets being sold comprise its Brightlane Automotive Ethernet portfolio and related assets.
Infineon is acquiring Marvell's Automotive Ethernet business in an all-cash transaction valued at US$2.5 billion.
The transaction has been approved by Marvell's board and is expected to close within calendar year 2025, subject to customary closing conditions and regulatory approvals.