Marvell Offloads Auto Ethernet Segment To Infineon Tech For $2.5 Billion Cash

Marvell Technology, Inc. (NASDAQ:MRVL) shares are trading higher premarket on Tuesday. On Monday, the company disclosed a definitive deal to sell its Automotive Ethernet business to Infineon Technologies AG (OTC:IFNNY) for $2.5 billion in an all-cash deal. The transaction includes Marvell’s Brightlane Automotive Ethernet portfolio and related assets. Also Read: If Tariffs Shift Customer Spending Priorities, These Software Stocks Could Face Slow Growth The company projected this segment to generaRead More