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Wireless

Marvell completes disposal of wireless ops to NXP, lowers guidance for Q4

Monday 9 December 2019 | 09:13 CET | News
NXP has completed its acquisition of Marvell's wireless connectivity portfolio for USD 1.76 billion. The operations include Marvell's Wi-Fi and Bluetooth portfolios and related assets. Marvell said it adjusted its guidance lower for the fourth quarter, to reflect the disposal. It now sees revenue at USD 710 million, give or take 3 percent, against its original forecast of USD 750 million. 

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Categories: Mobile & Wireless
Companies: Marvell / NXP Semiconductors
Countries: World
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