Infineon Technologies AG
IFX: XETR (DEU)
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Infineon: We Like the Acquisition of Marvell's Automotive Ethernet Business
Infineon Technologies has agreed to acquire Marvell Technology's automotive ethernet business for EUR 2.3 billion ($2.5 billion) in an all-cash deal. Infineon will take on debt to fund the purchase. The business is expected to earn $225 million-$250 million in revenue in 2025.
