Germany-based chipmaker Infineon Technologies is set to enhance its automotive systems capabilities with the acquisition of Marvell Technology’s Automotive Ethernet business. The deal, valued at $2.5bn in cash,

Infineon Technologies AG has agreed to acquire Marvell Technology's automotive Ethernet business for US$2.5 billion, aiming to strengthen its automotive microcontroller (MCU) and networking portfolio amid rising demand for software-defined vehicles (SDVs).

Marvell Technology (MRVL) has agreed to sell its Automotive Ethernet business to Infineon Technologies AG (IFNNY) for $2.5 billion in an