Sundry Photography/iStock Editorial via Getty Images
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.
Marvel’s (NASDAQ:MRVL) automotive ethernet business is expected to generate revenue of $225 million to $250 million this
