09:21 AM EDT, 08/14/2025 (MT Newswires) -- Marvell Technology ( MRVL ) said Thursday it finalized the sale of its Automotive Ethernet business to Infineon Technologies for $2.5 billion in an all-cash transaction.

Marvell ( MRVL ) said the deal closed 11 days into its fiscal Q3, during which the business "contributed mid-single-digit millions of dollars in revenue."

Marvell ( MRVL ) also said it does not expect the deal to materially impact its adjusted earnings per share.

The company's shares were down 1.8% in recent premarket trading.