Infineon Technologies to buy Marvell's auto ethernet business for $2.5 billion
The automotive ethernet business, which will become a part of Infineon's automotive division, is expected to generate revenue between $225 million and $250 million in calendar year 2025, with a gross margin of nearly 60%. Infineon has secured acquisition financing from banks, will incur additional debt to finance the deal, and expects it to close this year. "Marvell has made it abundantly clear that they are an AI- first company, focusing on both custom silicon and networking," said C.J. Muse, senior managing director, Cantor Fitzgerald.