NXP to acquire Marvell's wireless connectivity assets for $1.76B

NXP Semiconductors has agreed to acquire Marvell's WiFi and Bluetooth connectivity portfolio in an all-cash asset transaction valued at $1.76 billion. The acquisition includes Marvell's WiFi Connectivity Business Unit and Bluetooth technology, and is expected to close by Q1 2020.

“We are excited to be able to combine Marvell's world-class connectivity with NXP's industry leading embedded processing, we can offer our customer base the broadest portfolio of Edge solutions which includes tailored security and a full suite of wireless connectivity spanning WiFi, Bluetooth.”nxp.com

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• nxp.comNXP to Acquire Marvell Wireless Assets | NXP SemiconductorsNXP SemiconductorsMay 29, 2019

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