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NXP acquires Marvell's Wi-Fi, Bluetooth connectivity assets
Language : hindi
Science/Technology . Difficult
09-12-2019 19:05:17 .
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 NXP Semiconductors on Monday announced the completion of the acquisition of the WiFi connectivity business unit, Bluetooth technology portfolio and related assets from Marvell, another global semiconductor company, in an all cash transaction valued at $1. 76 billion. 
 
"We are delighted to announce the closure of deal with Marvell. 
The combined expertise of Marvell's connectivity business with NXP will help in creating better and meaningful solutions in the areas of connectivity, IoT and security for our customers, Sanjay Gupta, Vice President and India Country Manager, NXP Semiconductors, said in statement. 
 
 
"From NXP India perspective, this has led us to come up with our 4th R&D Centre in Pune to work on the full suite of wireless connectivity spanning Wi fi and Bluetooth Low Energy technology. 
Additionally, the acquisition will also increase our engineering headcount to over 2300 in India, Gupta added. 
 
In May 2019, NXP agreed to acquire Marvell's wireless connectivity portfolio in an all cash, asset transaction. 
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semiconductor connectivity transaction perspective engineering acquisition technology meaningful completion statement
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