NXP Takes Con­trol of Marvell’s Wi-Fi, Blue­tooth Con­nec­tiv­ity As­sets

Voice&Data - - NEWS BYTES -

NAS­DAQ-listed NXP Semi­con­duc­tors NV has com­pleted its ac­qui­si­tion of the wire­less con­nec­tiv­ity as­sets from Marvell, pur­suant to the terms of the pre­vi­ously an­nounced agree­ment from May 2019. The com­pany had in May 2019, agreed to ac­quire Marvell’s wire­less con­nec­tiv­ity port­fo­lio in an all-cash, as­set trans­ac­tion. The ac­qui­si­tion will en­able NXP 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 Near Field Com­mu­ni­ca­tions (NFC).

Speak­ing on the deal, its Vice Pres­i­dent and In­dia Coun­try Man­ager San­jay Gupta said, “We are de­lighted to an­nounce the clo­sure of the 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. From the 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”.

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