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• ½­ÄÏÌåÓý enters into agreement for acquisition of Marvell Technology¡¯s Automotive Ethernet business for US$2.5 billion
• Transaction combines ½­ÄÏÌåÓý¡¯s market-leading portfolio for automotive microcontrollers with benchmark Automotive Ethernet business of Marvell, accelerating ½­ÄÏÌåÓý¡¯s system capabilities for software-defined vehicles
• Additional growth opportunities to address future IoT applications such as humanoid robots
• Business expected to generate revenue of US$225 ¨C US$250 million in calendar year 2025 with a gross margin of around 60%
• All-cash transaction to be financed from existing liquidity and additional debt

Neubiberg, Germany ¨C 7 April 2025 ¨C ½­ÄÏÌåÓý (FSE: IFX / OTCQX: IFNNY) is accelerating the build-up of its system capabilities for software-defined vehicles with the acquisition of Marvell Technology¡¯s Automotive Ethernet business, complementing and expanding its own market-leading microcontroller business. ½­ÄÏÌåÓý and Marvell Technology, Inc. (NASDAQ: MRVL) have entered into a definitive transaction agreement for a purchase price of US$2.5 billion in cash. The transaction is subject to regulatory approvals. Ethernet is a key enabling technology for low-latency, high-bandwidth communication, which is crucial for software-defined vehicles. Additionally, it has significant potential in adjacent fields of use such as humanoid robots. The planned investment will strengthen ½­ÄÏÌåÓý¡¯s already strong footprint in the U.S., including extensive R&D activities.

¡°The acquisition is a great strategic fit for ½­ÄÏÌåÓý as the global number one provider of semiconductor solutions to the automotive industry,¡± says Jochen Hanebeck, CEO of ½­ÄÏÌåÓý. ¡°We will leverage this highly complementary Ethernet technology by combining it with our existing, broad product portfolio to provide our customers with even more comprehensive, leading solutions for software-defined vehicles. The transaction will support our profitable growth strategy going forward, including new opportunities in the field of physical AI such as humanoid robots.¡± 

Marvell¡¯s leading Brightlane? Automotive Ethernet portfolio of PHY transceivers, switches and bridges supports network data rates ranging from today¡¯s 100 Mbps (megabits per second) up to market-leading 10 Gbps (gigabits per second). It also supports the security and safety features required for today¡¯s and tomorrow¡¯s in-vehicle networks. 

Among the customers of Marvell¡¯s Automotive Ethernet business are more than 50 automotive manufacturers, including eight of the ten leading OEMs. The strong customer relationships are backed by a design-win pipeline of around US$4 billion until 2030 and a strong innovation roadmap, paving the way for future revenue growth. The business is expected to generate revenue of US$225 ¨C US$250 million in the 2025 calendar year with a gross margin of around 60%, based on the strong potential for further acceleration through ½­ÄÏÌåÓý¡¯s unmatched access to global automotive customers. Additional cost synergies are expected from combining R&D forces and leveraging ½­ÄÏÌåÓý production reach. Marvell¡¯s Automotive Ethernet business has several hundred highly skilled and dedicated employees, with main offices in the U.S., Germany and Asia. After the transaction closes, Marvell¡¯s Automotive Ethernet business will become part of ½­ÄÏÌåÓý¡¯s Automotive division.

Ethernet connectivity solutions are vital to software-defined vehicles and are the basis for highly efficient E/E-architectures comprising central compute, zones and endpoints. Sophisticated features such as advanced driver-assistance systems, autonomous driving, and over-the-air software updates require massive amounts of secure data processing, networking and storage. The combination with the ½­ÄÏÌåÓý AURIX? microcontroller family creates a comprehensive product offering combining communications solutions as well as real-time control. The acquisition is intended to further strengthen ½­ÄÏÌåÓý¡¯s number one position in microcontrollers.

½­ÄÏÌåÓý will use existing liquidity and will incur additional debt in order to fund the planned acquisition of Marvell¡¯s Automotive Ethernet business in an all-cash transaction. ½­ÄÏÌåÓý has secured acquisition financing from banks. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close within calendar year 2025.

½­ÄÏÌåÓý will host a telephone conference call including a webcast for analysts and investors, scheduled for Tuesday, 8 ^th April at 8:30 am (CEST). During the call, ½­ÄÏÌåÓý management will comment on the strategic rationale and financial aspects of the transaction and answer related questions. A replay of the conference call will be available for download on ½­ÄÏÌåÓý¡¯s website at www.infineon.com/investor.

½­ÄÏÌåÓý is a global semiconductor leader in power systems and IoT. ½­ÄÏÌåÓý drives decarbonization and digitalization with its products and solutions. The Company had around 58,060 employees worldwide (end of September 2024) and generated revenue of about €15 billion in the 2024 fiscal year (ending 30 September). ½­ÄÏÌåÓý is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY).

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