0957 GMT - Infineon Technology acquisition of Marvell's automotive ethernet business offers an opportunity for the company to grow its technology platform, ING analyst Jan Frederik Slijkerman writes in a note. Additionally, the deal will allow the semiconductor company to move into the automotive segment that offers products with a higher added value while it solidifies its platform, the analyst says. However, the transaction comes at a high price, he adds. "This could be validated as the automotive ethernet segment is growing fast, while there are revenue opportunities in related domains, such as industrial applications," he says. Shares are down 0.2% at 25.06 euros. (najat.kantouar@wsj.com)
(END) Dow Jones Newswires
April 08, 2025 05:57 ET (09:57 GMT)
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