Infineon Technologies has finalized the $2.5bn acquisition of Marvell Technology’s Automotive Ethernet business, enhancing its presence in the software-defined vehicle market. The deal includes PHY transceivers, bridges, and switches critical for SDV communication, with revenues expected to reach $225m to $250m this year and a projected $4bn pipeline by 2030.

The acquisition, funded through a mix of funds and debt, aims to strengthen Infineon’s Ethernet business and innovation capabilities. A dedicated Ethernet Solutions business line has been established within the automotive division to centralize expertise. The move is anticipated to boost Infineon’s US market presence and R&D activities.

Marvell Technology’s CEO praises Infineon as the right company to elevate the Automotive Ethernet business to new heights, leveraging scale, portfolio breadth, and customer reach. The move is expected to unlock growth opportunities and drive continued success for the team under Infineon’s ownership.

Read more at Yahoo Finance: Infineon finalises $2.5bn acquisition of Marvell’s Automotive Ethernet unit