Infineon Technologies AG, a leading global semiconductor manufacturer, has announced the signing of an agreement to purchase the automotive networking division of Marvell Technology Inc. for $2.5 billion in cash. This acquisition is poised to significantly impact Infineon's business, especially in the context of technological shifts in the automotive sector, including the transition to self-driving cars.

German semiconductor manufacturer Infineon Technologies has announced a significant step towards strengthening its position in the automotive technology sector. On Monday, the company revealed an agreement with Marvell Technology to acquire its Ethernet business division, which specializes in automotive networks. Valued at $2.5 billion, this deal aims to enhance Infineon's microcontroller segment, a key growth driver within the automotive sector.