From Yahoo Finance: 2025-04-07 16:30:00

German chipmaker Infineon Technologies is set to acquire Marvell Technology’s automotive ethernet business for $2.5 billion. Infineon expects the business to generate $225-250 million in revenue by 2025. Marvell’s shares rose 4% after the announcement, with J.P.Morgan attributing the chip sector’s challenges to tariffs imposed by President Trump on China.

Read more: Infineon Technologies to buy Marvell’s auto ethernet business for $2.5 billion