Deals
NXP to Buy Marvell Wi-Fi Tech Unit in $1.76 Billion Deal
- Assets generated about $300 million in revenue in 2019
- First major deal for NXP since failed takeover by Qualcomm
Devices powered by Marvell Technology Group Ltd. chipsets sit on display at the company's booth at the 2011 International Consumer Electronics Show (CES) in Las Vegas, Nevada, U.S., on Jan. 7, 2011.
Photographer: Jacob Kepler/Bloomberg
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NXP Semiconductors NV agreed to buy the Wi-Fi connectivity business of Marvell Technology Group Ltd. in a deal valued at $1.76 billion.
The all-cash acquisition includes Marvell’s Wi-Fi and Bluetooth technology and related assets, and will allow the automotive industry’s biggest chip supplier to offer customers a broader range of options to connect devices to the internet.