NXP Completes Acquisition of Marvell’s Wi-Fi and Bluetooth Connectivity Assets
December 06 2019 - 2:30PM
NXP Semiconductors N.V. (NASDAQ: NXPI) today announced the
completion of the acquisition of the wireless connectivity assets
from Marvell (NASDAQ: MRVL), pursuant to the terms of the
previously announced agreement from May 2019.
About NXP SemiconductorsNXP Semiconductors N.V.
(NASDAQ: NXPI) enables secure connections for a smarter world,
advancing solutions that make lives easier, better, and safer. As
the world leader in secure connectivity solutions for embedded
applications, NXP is driving innovation in the automotive,
industrial & IOT, mobile, and communication infrastructure
markets. Built on more than 60 years of combined experience and
expertise, the company has approximately 30,000 employees in more
than 30 countries and posted revenue of $9.41 billion in 2018. Find
out more at www.nxp.com
Forward-looking StatementsThis document
includes forward-looking statements which include statements
regarding NXP’s business strategy, financial condition, results of
operations, and market data, as well as any other statements which
are not historical facts. By their nature, forward-looking
statements are subject to numerous factors, risks and uncertainties
that could cause actual outcomes and results to be materially
different from those projected. Readers are cautioned not to place
undue reliance on these forward-looking statements. Except for any
ongoing obligation to disclose material information as required by
the United States federal securities laws, NXP does not have any
intention or obligation to publicly update or revise any
forward-looking statements after NXP distributes this document,
whether to reflect any future events or circumstances or otherwise.
For a discussion of potential risks and uncertainties, please refer
to the risk factors listed in NXP’s SEC filings. Copies of NXP’s
SEC filings are available on NXP’s Investor Relations website,
https://investors.nxp.com or from the SEC website,
www.sec.gov.
For further information, please contact:
Investors: |
Media: |
Jeff Palmer |
Jacey Zuniga |
jeff.palmer@nxp.com |
jacey.zuniga@nxp.com |
+1 408 518 5411 |
+1 512 895 7398 |
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