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Benzinga
Benzinga
Business
Rishabh Mishra

Marvell Technology Sells Auto Unit For $2.5 Billion To Go All-In On Data Center Business Amid AI Boom

Marvell Data MRVL Matt Murphy Nasdaq Artificial Intelligence
Marvell Technology

Marvell Technology Inc. (NASDAQ:MRVL) has completed the $2.5 billion all-cash sale of its automotive Ethernet business, a strategic move that sharpens its focus on the booming data center and artificial intelligence markets.

Check out MRVL’s stock price here.

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