German chipmaker Infineon Technologies said on Monday it would buy Marvell Technology's automotive ethernet business for about $2.5 billion in cash, to expand its microcontroller segment.

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Marvell Technology will sell its automotive ethernet business to Infineon Technologies for $2.5 billion in cash.

Germany's Infineon Technologies (OTCQX:IFNNY) agreed to purchase Marvell Technology's automotive ethernet business for about $2.5 billion in cash. Marvell rose 3% in after-hours trading.

With Infineon's optimized platform for automotive applications, we are confident the Automotive Ethernet business is well positioned for continued growth and success." The views and opinions ...

Infineon is mainly targeting the two market with its expanding portfolio of 2 kV power devices: the solar sector and the ...

With Infineon's optimized platform for automotive applications, we are confident the Automotive Ethernet business is well positioned for continued growth and success." Marvell plans to discuss the ...