Connect with us

Technology

Marvell to Sell Automotive Ethernet Business to Infineon for $2.5 Billion in Cash

Published

on

Delivers Compelling Financial Returns for Marvell Shareholders

SANTA CLARA, Calif., April 7, 2025 /PRNewswire/ — Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced that it has entered into a definitive agreement under which Infineon Technologies AG (“Infineon”) will acquire Marvell’s Automotive Ethernet business in an all-cash transaction valued at $2.5 billion. This business in fiscal 2026 is expected to generate revenue in the range of $225-250 million. The acquisition includes Marvell’s Brightlane® Automotive Ethernet portfolio and related assets. This transaction has been approved by Marvell’s Board of Directors, and is expected to close within calendar year 2025, subject to customary closing conditions and regulatory approvals.

“Marvell has transformed itself into a leading data infrastructure solutions provider, with the data center end market driving 75% of consolidated revenue in the fiscal fourth quarter of 2025,” said Matt Murphy, Chairman and CEO of Marvell. “We are immensely proud of the progress we have made in organically growing our Automotive Ethernet business. We believe this transaction delivers the strongest financial return for Marvell shareholders, given its compelling valuation. With Infineon’s optimized platform for automotive applications, we are confident the Automotive Ethernet business is well positioned for continued growth and success.”

Marvell plans to discuss the transaction on its upcoming conference call to review its first quarter of fiscal 2026 financial results, which is scheduled for Thursday, May 29, 2025, at 1:45 p.m. Pacific Time.

About Marvell

To deliver the data infrastructure technology that connects the world, we’re building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world’s leading technology companies for over 25 years, we move, store, process and secure the world’s data with semiconductor solutions designed for our customers’ current needs and future ambitions. Through a process of deep collaboration and transparency, we’re ultimately changing the way tomorrow’s enterprise, cloud, automotive, and carrier architectures transform—for the better.

Marvell and the M logo are trademarks of Marvell or its affiliates. Please visit www.marvell.com for a complete list of Marvell trademarks. Other names and brands may be claimed as the property of others.

This press release contains forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future events, results or achievements. Actual events, results or achievements may differ materially from those contemplated in this press release. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict, including those described in the “Risk Factors” section of our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed by us from time to time with the SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and no person assumes any obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

For further information, contact:

Investors

Ashish Saran
Senior Vice President, Investor Relations
408-222-0777
ir@marvell.com

Media

pr@marvell.com

FGS Global
212-687-8080
Marvell@fgsglobal.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/marvell-to-sell-automotive-ethernet-business-to-infineon-for-2-5-billion-in-cash-302422439.html

SOURCE Marvell

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

FOUR LEAF ACQUISITION CORPORATION ANNOUNCES RECEIPT OF NASDAQ DELISTING DETERMINATIONS

Published

on

By

LOS ALTOS, Calif., April 23, 2025 /PRNewswire/ — Four Leaf Acquisition Corporation (Nasdaq: FORL), a publicly-listed special purpose acquisition company (the “Company”), today announced that it received a notice (the “Notice”) from the staff of the Nasdaq Listing Qualifications department of The Nasdaq Stock Market LLC (“Nasdaq”) on April 17, 2025 stating that the Company’s failure to file its Annual Report on Form 10-K for the year ended December 31, 2024 (the “Form 10-K”), serves a basis for delisting the Company’s securities from Nasdaq. Accordingly, unless the Company timely requests an appeal of this determination, the Company’s securities will be delisted from The Nasdaq Capital Market, trading of the Company’s Common Stock will be suspended and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market.

On April 21, 2025, the Company received another notice from Nasdaq, which notified the Company that its failure to pay certain fees required by Listing Rule 5250(f) serves an additional basis for delisting the Company’s securities from Nasdaq unless the Company appeals this determination.

The Company fully intends to timely appeal such determinations pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series to stay the suspension of the Company’s securities and the filing of the Form 25-NSE pending the Panel’s decision.

About Four Leaf Acquisition Corporation

Four Leaf Acquisition Corporation is a blank check company incorporated in Delaware for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Four Leaf Acquisition Corporation believes that there are many target companies that could become attractive public companies and is seeking a target in the Internet of Things “IoT” market. Four Leaf Acquisition Corporation is led by Bala Padmakumar, Chairman and Interim Chief Executive Officer, Coco Kou, Chief Financial Officer, and Robert de Neve, Chief Strategy Officer.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, are forward-looking statements. When used in this press release, the words “aims”, “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Four Leaf Acquisition Corporation (the “Company” or “we”) disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. The Company cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company, including risks and uncertainties described in the “Risk Factors” section of our Registration Statement on Form S-1 filed with the SEC on March 16, 2023, as amended, and other documents that we file from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. The Company can give no assurances that the Company will achieve its expectations.

Company Contact: 

Bala Madmakumar
Interim Chief Executive Officer
Four Leaf Acquisition Corporation
Email: bala@fourleaf.investments

 

View original content:https://www.prnewswire.com/news-releases/four-leaf-acquisition-corporation-announces-receipt-of-nasdaq-delisting-determinations-302436682.html

SOURCE Four Leaf Acquisition Corporation

Continue Reading

Technology

CDNetworks Empowers Global Enterprises to Seamlessly Enter Emerging Markets with Ready-to-Market Solutions

Published

on

By

SINGAPORE, April 24, 2025 /PRNewswire/ — CDNetworks, the APAC-leading network to deliver edge as a service, is reinforcing its commitment to supporting global enterprises as they expand into key emerging markets, including Latin America, South and Southeast Asia, the Middle East, and Africa. With a well-established presence in these rapidly growing regions, CDNetworks helps global enterprises accelerate their market entry and expand with greater confidence.

As global enterprises seek to unlock the potential of these emerging markets, they often face challenges such as inconsistent network performance and security risks.

To overcome these obstacles, CDNetworks offers a ready-to-market portfolio of web performance and security solutions, aimed at simplifying market entry and supporting sustained growth for global enterprises:

100% Network Coverage in Emerging Markets: With over 2,800 CDN PoPs and over 40 scrubbing centers across more than 70 countries and regions worldwide, CDNetworks provides full network coverage in key emerging markets. This robust infrastructure ensures global enterprises can deliver low-latency, reliable, and secure digital experiences to local users.Comprehensive Solutions for Security and Acceleration: CDNetworks offers a complete suite of solutions, including cloud security, web & network performance, media delivery, and edge computing, designed to ensure efficient content delivery, adaptive security defense, and optimized performance for your enterprise in emerging markets.Strategic ISP Partnerships: CDNetworks has forged strong partnerships with leading ISPs in key emerging markets, ensuring global enterprises can stay closely aligned with the distinct demands of each local market.Tailored Support & Services: CDNetworks provides end-to-end technical assistance, helping global enterprises reduce complexity during market entry while maintaining high-performance operations.

“Emerging markets are an exciting frontier, but they come with their own set of challenges,” said Antony Li, APAC Head of Sales at CDNetworks. “We’re confident that our solutions will help global enterprises navigate these challenges, ensuring their operations remain as adaptable and resilient as the markets they are entering.”

About CDNetworks

As the APAC-leading network with over 2,800 global Points of Presence and more than 20 years of technology experience, CDNetworks delivers the fastest and most secure digital experiences to end users. Our diverse products and services include web performancemedia deliverycloud securityzero trust security, and colocation services — all designed to spur business innovation. To learn more, visit cdnetworks.com and follow us on LinkedIn.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/cdnetworks-empowers-global-enterprises-to-seamlessly-enter-emerging-markets-with-ready-to-market-solutions-302435606.html

SOURCE CDNetworks

Continue Reading

Technology

NEXCOM DNA 140 Edge-Ready Enterprise Performance with Dual 5G

Published

on

By

TAIPEI, April 24, 2025 /PRNewswire/ — NEXCOM, a leading global supplier of network appliances, consolidates compute, security, and network functions into a single, AI-ready desktop – DNA 140. With zero-touch recovery, multi-network connectivity, and real-time network intelligence, DNA 140 fuses advanced Next-Generation Firewall (NGFW), intelligent SD-WAN routing, dual 5G failover, and AI hardware acceleration into a compact, deploy-anywhere appliance.

Built for the Edge

Powered by the Intel Atom® x7000RE/E/C series, DNA 140 delivers low-latency, high-efficiency compute for real-time, edge-critical workloads. Four 2.5GbE LAN ports enable high-throughput local networking, while two PoE+ ports (30W, 802.3at) simplifies peripheral deployment for powered devices, TPM 2.0 ensures secure, hardware-level key protection.

Dual 5G for Redundant, Multi Connectivity

Equipped with dual 5G failover, DNA 140 ensures always-on uptime. One 5G line handles public access, the other connects privately—ideal for hybrid networks or failover setups. No dropouts. No dead zones. Just seamless access and control.

Network Protection and Embedded Security

DNA 140 is purpose-built for NGFW performance, enabling DPI, IPS, and real-time threat detection. Integrated with SD-WAN firewall, it ensures intelligent path selection and unified policy enforcement—delivering secure, high-performance connectivity across sites.

System Integrity with NEXBOOT Self-Recovery

DNA 140 features NEXBOOT, a built-in system-level failover and diagnostic suite minimizing downtime by autonomously restoring system functions after software faults or failed updates.

In a world where downtime is not an option, the DNA 140 keeps operations running at full power. Optimized for NGFW, SD-WAN firewall, with dual 5G failover and AI acceleration, this compact workhorse is built for the edge—remote branches, retail floors, or anywhere that can’t afford to go dark.

DNA 140 is the next-gen edge platform your IT infrastructure has been waiting for. Want to know why? Check out the full blog: What DNA 140 Does Differently.

About NEXCOM

Founded in 1992 and headquartered in Taipei, Taiwan, NEXCOM is shaping the future of AI-powered networking with its software-defined solutions. Through its Network and Communication Solutions (NCS) unit, NEXCOM delivers cutting-edge platforms for Cybersecurity, OT Security, SD-WAN, SASE, Load Balancing, 5G uCPE, edge AI, and more. NCS specializes in professional design and manufacturing services, enabling reliable and scalable network infrastructures for businesses of all sizes. With a focus on innovation, NEXCOM’s solutions empower customers worldwide to build resilient, high-performance networks tailored to the demands of tomorrow’s connectivity challenges.

SOURCE NEXCOM International Co., Ltd.

Continue Reading

Trending