NXP Completes Acquisition of Marvell’s Wi-Fi and Bluetooth Connectivity Assets

EINDHOVEN, The Netherlands, Dec. 06, 2019 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ: NXPI) today announced the completion of the acquisition of the wireless connectivity assets from Marvell (NASDAQ: MRVL), pursuant to the terms of the previously announced agreement from May 2019.

About NXP Semiconductors
NXP Semiconductors N.V. (NASDAQ: NXPI) enables secure connections for a smarter world, advancing solutions that make lives easier, better, and safer. As the world leader in secure connectivity solutions for embedded applications, NXP is driving innovation in the automotive, industrial & IOT, mobile, and communication infrastructure markets. Built on more than 60 years of combined experience and expertise, the company has approximately 30,000 employees in more than 30 countries and posted revenue of $9.41 billion in 2018. Find out more at www.nxp.com

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Source: NXP USA, Inc.