Infineon Technologies to buy Marvell's auto ethernet business for $2.5 billion


FILE PHOTO: U.S. dollar bills are seen on a light table at the Bureau of Engraving and Printing in Washington, November 14, 2014. REUTERS/Gary Cameron/File Photo/File Photo

(Reuters) - German chipmaker Infineon Technologies said on Monday it would buy Marvell Technology's automotive ethernet business for about $2.5 billion in cash, to expand its microcontroller segment.

The automotive ethernet business, which will become a part of Infineon's automotive division, is expected to generate revenue between $225 million and $250 million in the calendar year 2025, with a gross margin of nearly 60%.

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