NXP to Acquire Wi-Fi and Bluetooth Connectivity Assets from Marvell

NXP Semiconductors N.V. announced that its wholly owned subsidiary has entered into a definitive agreement with Marvell to acquire Marvell’s Wireless Connectivity portfolio in an all-cash, asset transaction valued at $1.76 billion. The acquisition encompasses Marvell’s Wi-Fi Connectivity Business Unit, Bluetooth technology portfolio and related assets. NXP expects the acquisition to create new revenue opportunities in its target end markets, including connected devices, automotive and communication infrastructure applications.

The Wi-Fi Alliance introduced Wi-Fi 6 as the industry designation for products and networks that support the next generation of Wi-Fi, based on 802.11ax technology. Wi-Fi 6 is part of a new naming approach by Wi-Fi Alliance that provides users with an easy-to-understand designation for both the Wi-Fi technology supported by their device and used in a connection the device makes with a Wi-Fi network. Multiple chip companies already announced enthusiastic support.