Flexible Electronics News

NXP Acquiring Marvell’s WiFi, Bluetooth Connectivity Assets

NXP to pay $1.76 billion in cash for Marvell’s WiFi and Bluetooth/BLE combo solutions portfolio.

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By: Anthony Locicero

Copy editor, New York Post

NXP Semiconductors N.V. announced that its wholly-owned subsidiary has entered into a definitive agreement with Marvell under which NXP will acquire Marvell’s Wireless Connectivity portfolio in an all-cash, asset transaction valued at $1.76 billion.    The acquisition encompasses Marvell’s WiFi Connectivity Business Unit, Bluetooth technology portfolio and related assets.   The acquisition will enable NXP to deliver complete, scalable processing and connectivity solutions to its ...

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