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NXP to buy Marvell's WiFi, Bluetooth business for $1.76 billion

H

hkwint

Active member
EINDHOVEN, The Netherlands, May 29, 2019 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ: NXPI) announces today that its wholly owned subsidiary has entered into a definitive agreement with Marvell (NASDAQ: MRVL) 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.

...subject to ... regulatory approvals.

NXP to acquire Marvell’s WiFi and Bluetooth Connectivity Assets

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

"Marvell anticipates that this divestiture will enhance its gross and operating margins upon closing "

www.marvell.com

Marvell Newsroom | Press Releases - Marvell

Check out the latest announcements, news releases and coverage on Marvell.
www.marvell.com www.marvell.com

So, it seems, $1.76B goes from NXP to Marvell, of which $650M goes to GloFo:

Marvell to Acquire Avera Semi (GF ASIC)

I think we all saw this coming. I'm wondering what GF will do with all of the cash generated by the recent asset sales? Avera $740M Fishkill $430M Fab3E $236M Marvell to Acquire Avera Semi, Creating an Infrastructure ASIC Powerhouse May 20, 2019 Brings World-class ASIC IP and Development...
semiwiki.com

This means, Marvell shifts focus from WiFi / Bluetooth chips to ASIC design, I'd guess?
 
We call that rearranging the deck chairs. The ASIC business is ultra competitive, I really don't see the synergy here.
 
If you`d ask NXP, I´d bet they would say something like "IoT". NXP has a Long Standing history with security-hardened micro controllers for payment applications.
My best guess on the synergy therefore is to provide a full connetivity solution for wireless IoT: Owning the root-of-trust within the security controller and providing credentials to the outside world via arbitrary wireless interfaces.
 
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