Marvell’s Connectivity Business Finds Prospective Suitor in NXP; Maintaining FVEs
On May 29, NXP Semiconductors announced an agreement to acquire Marvell Technologies’ connectivity portfolio for $1.76 billion in an all-cash deal that is expected to be completed by the first quarter of calendar 2020, pending regulatory approval. In principle, the transaction makes sense for both parties. The combination of products, which includes Wi-Fi and Bluetooth connectivity solutions, should support NXP’s efforts in industrial, “Internet of Things,†and automotive markets. NXP noted that...Marvell Technology Group is a semiconductor provider of application-specific products. The company is focused on the development of System-on-a-Chip devices, utilizing its technology portfolio of intellectual property in the areas of analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. The company develops integrated hardware platforms along with software that incorporates digital computing technologies. In storage, the company is engaged in fibre channel products and data storage controller solutions spanning cloud, enterprise, edge and personal computing markets. The company's networking products include ethernet solutions, embedded processors and WiFi connectivity solutions.
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