[8-K] Marvell Technology, Inc. Reports Material Event

Rhea-AI Filing Summary

Marvell Technology, Inc. entered into an Asset Purchase Agreement to sell its automotive ethernet business and related assets to Infineon Technologies AG for $2.5 billion in an all-cash transaction. The agreement also includes licensing of certain intellectual property to the buyer and provision of temporary transition services to support the handover.

The company announced the deal on April 7, 2025, and on August 14, 2025 stated that the transaction has closed. A press release announcing completion is furnished as Exhibit 99.1, and the filing references the cover page interactive data file.

Positive

• $2.5 billion all-cash purchase price for Marvell's automotive ethernet business
• Transaction completed and announced as closed on August 14, 2025
• IP licensing to the buyer and temporary transition services to support handover

Negative

• Divestiture of the automotive ethernet business transfers ownership and associated operations to Infineon
• Filing does not disclose pro forma revenue, earnings impacts or intended use of proceeds

Insights

M&A Specialist

TL;DR Marvell completed a $2.5B all-cash divestiture of its automotive ethernet unit to Infineon, including IP licensing and transition services.

The transaction structure—an all-cash asset sale with IP licensing and temporary transition services—indicates a clean transfer of the business and operational responsibilities to Infineon. For sellers, this typically crystallizes value, simplifies the product portfolio and provides immediate liquidity. The filing confirms closing and the press release is furnished as Exhibit 99.1, but does not disclose how proceeds will be allocated or whether any purchase price adjustments, escrow arrangements, or regulatory conditions remain.

Financial Analyst

TL;DR The $2.5B cash proceeds boost liquidity; the filing does not provide pro forma revenue, earnings impacts, or use of proceeds.

From a financial perspective, an all-cash $2.5 billion receipt is material and should meaningfully affect Marvell's balance sheet and cash position. However, this 8-K does not include financial statements, pro forma metrics, or details on how the company plans to deploy the cash, repay debt, or return capital to shareholders. Investors will need follow-up disclosures to quantify effects on revenue, margins and EPS.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report: August 14, 2025

(Date of earliest event reported)

MARVELL TECHNOLOGY, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-40357		85-3971597
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

1000 N. West Street, Suite 1200

Wilmington, Delaware 19801

(Address of principal executive offices, including Zip Code)

(302) 295-4840

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock		MRVL		The Nasdaq Stock Market, LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

On April 7, 2025, Marvell Technology, Inc. (the “Company”) announced that it had entered into an Asset Purchase Agreement with Infineon Technologies AG (the “Buyer”) pursuant to which Buyer will acquire the Company’s automotive ethernet business and related assets in an all-cash transaction valued at $2.5 billion (the “Transaction”). In addition, the Company agreed to license certain intellectual property to the Buyer in connection with the Transaction and to provide certain temporary transition services following completion of the Transaction.

On August 14, 2025, the Company announced that it had completed the Transaction. A copy of the press release announcing the completion of the Transaction is furnished herewith as Exhibit 99.1 and is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1		Press Release dated August 14, 2025
104		Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				MARVELL TECHNOLOGY, INC.
Date: August 14, 2025				By:		/s/ Mark Casper
						Mark Casper
						EVP, Chief Legal Officer and Secretary

FAQ

What did Marvell (MRVL) sell in this 8-K?

Marvell sold its automotive ethernet business and related assets to Infineon Technologies AG.

How much did Infineon pay for Marvell's automotive ethernet business?

The purchase price was $2.5 billion in an all-cash transaction.

When was the sale announced and when did it close?

The agreement was announced on April 7, 2025, and the company announced completion on August 14, 2025.

Does the filing include details on financial impact to Marvell's results?

No. The 8-K does not include financial statements or pro forma metrics showing revenue or earnings impact.

Is there a press release about the transaction?

Yes. A press release announcing completion is furnished as Exhibit 99.1 to the filing.