BRIEF-Infineon Technologies Enters Agreement To Buy Marvell Technology's Automotive Ethernet Business-March 2024-www.financetom.com

BRIEF-Infineon Technologies Enters Agreement To Buy Marvell Technology's Automotive Ethernet Business

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BRIEF-Infineon Technologies Enters Agreement To Buy Marvell Technology's Automotive Ethernet Business

Apr 7, 2025 1:46 PM

April 7 (Reuters) - Infineon Technologies AG:

* EQS-ADHOC: INFINEON TECHNOLOGIES AG: INFINEON TECHNOLOGIES

ENTERS AGREEMENT TO BUY MARVELL TECHNOLOGY'S AUTOMOTIVE ETHERNET

BUSINESS

* INFINEON TECHNOLOGIES AG - DEAL VALUED AT $2.5 BILLION IN

CASH

* INFINEON TECHNOLOGIES AG - BUSINESS EXPECTED TO GENERATE

$225-$250 MILLION REVENUE IN 2025

* INFINEON TECHNOLOGIES AG - TO USE EXISTING LIQUIDITY AND

INCUR

ADDITIONAL DEBT FOR ACQUISITION

* INFINEON TECHNOLOGIES AG - TRANSACTION EXPECTED TO CLOSE

WITHIN

2025 PENDING REGULATORY APPROVALS

Source text:

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