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Wireless

NXP set to close acquisition of Marvell wireless business

Tuesday 3 December 2019 | 15:51 CET | News

NXP Semiconductors announced that it's received all necessary regulatory approvals for its acquisition of the wireless connectivity portfolio from Marvell. The companies expect to close the transaction, first announced in May for USD 1.76 billion, in the first half of December, ahead of schedule.

NXP said the acquisition will enable the company to deliver complete, scalable processing and connectivity solutions to its customers across its end markets, including tailored security and a full suite of wireless connectivity spanning Wi-Fi, Bluetooth, Bluetooth Low Energy, Zigbee, Thread and NFC.

The acquisition includes nearly 600 people worldwide and is expected to add to NXP’s adjusted operating profit in the first full quarter after the transaction closes.



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