German semiconductor maker Infineon Technologies AG yesterday said its part-acquisition of US firm Marvell Technology Inc would better position it to supply firms working on technologies of the future, including humanoid robots.
Infineon plans to buy the automotive division of the US rival for US$2.5 billion (2.3 billion euros) to profit from its ethernet technology, the company said in a statement late on Monday.
“It strengthens our digital control connectivity part of the company,” Infineon CEO Jochen Hanebeck said on a call for analysts yesterday.
Photo: Michaela Stache, AFP
“The combination is what makes the difference,” he added, giving the example of humanoid robots that need a variety of components, including ethernet cables.
Several hundred Marvell employees will join Infineon, which employs 58,000 people worldwide, the German company said, noting that the acquisition would “strengthen Infineon’s already strong footprint in the US.”
Marvell’s ethernet allows for the transfer of the large volumes of data needed to power software systems in cars and potentially other devices such as robots, Infineon said.
The business was expected to generate revenue of US$225 million to US$250 million for this year and would have a gross margin of 60 percent, Infineon said.
It added that Marvell’s automotive ethernet business had about US$4 billion of orders in the pipeline.
German manufacturers struggle with high energy and labor costs at home and, to sell into the US, now face the added costs of swingeing tariffs imposed last week by US President Donald Trump on dozens of trade partners.
To many, Tatu City on the outskirts of Nairobi looks like a success. The first city entirely built by a private company to be operational in east Africa, with about 25,000 people living and working there, it accounts for about two-thirds of all foreign investment in Kenya. Its low-tax status has attracted more than 100 businesses including Heineken, coffee brand Dormans, and the biggest call-center and cold-chain transport firms in the region. However, to some local politicians, Tatu City has looked more like a target for extortion. A parade of governors have demanded land worth millions of dollars in exchange
An Indonesian animated movie is smashing regional box office records and could be set for wider success as it prepares to open beyond the Southeast Asian archipelago’s silver screens. Jumbo — a film based on the adventures of main character, Don, a large orphaned Indonesian boy facing bullying at school — last month became the highest-grossing Southeast Asian animated film, raking in more than US$8 million. Released at the end of March to coincide with the Eid holidays after the Islamic fasting month of Ramadan, the movie has hit 8 million ticket sales, the third-highest in Indonesian cinema history, Film
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) revenue jumped 48 percent last month, underscoring how electronics firms scrambled to acquire essential components before global tariffs took effect. The main chipmaker for Apple Inc and Nvidia Corp reported monthly sales of NT$349.6 billion (US$11.6 billion). That compares with the average analysts’ estimate for a 38 percent rise in second-quarter revenue. US President Donald Trump’s trade war is prompting economists to retool GDP forecasts worldwide, casting doubt over the outlook for everything from iPhone demand to computing and datacenter construction. However, TSMC — a barometer for global tech spending given its central role in the
Alchip Technologies Ltd (世芯), an application-specific integrated circuit (ASIC) designer specializing in server chips, expects revenue to decline this year due to sagging demand for 5-nanometer artificial intelligence (AI) chips from a North America-based major customer, a company executive said yesterday. That would be the first contraction in revenue for Alchip as it has been enjoying strong revenue growth over the past few years, benefiting from cloud-service providers’ moves to reduce dependence on Nvidia Corp’s expensive AI chips by building their own AI accelerator by outsourcing chip design. The 5-nanometer chip was supposed to be a new growth engine as the lifecycle
RSS