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Why NXP’s Purchase of Marvell’s Wi-Fi Business Is a Big Deal

Ruchi Gupta
Why NXP’s Purchase of Marvell’s Wi-Fi Business Is a Big Deal

NXP Semiconductors (NXPI) is buying Marvell's (MRVL) wireless connectivity business for $1.8 billion. The business that NXP is purchasing from Marvell consists of Wi-Fi and Bluetooth assets.