Marvell Technology, Inc. - MRVL STOCK NEWS

Marvell Technology (NASDAQ: MRVL) demonstrates its industry-leading 3nm PCIe Gen 7 connectivity at the OCP Global Summit, extending its PAM4 technology leadership. PCIe Gen 7 doubles data transfer speeds, enabling continued scaling of compute fabrics for AI and accelerated infrastructure. Marvell's comprehensive interconnect portfolio addresses high-bandwidth optical and copper connections in AI data centers.

Key points:

• PCIe Gen 7 operates at 128 GT/s per lane, supporting AI and ML workload scaling
• Marvell's 3nm fabrication technology enables lower power consumption with superior reach and link margins
• The company's PAM4 SerDes technology leadership extends to PCIe, CXL, and proprietary compute fabric links
• Marvell introduced the industry's first 1.6T PAM4 DSP in 2023

Marvell Technology, Inc. (NASDAQ: MRVL) has announced the development of FBNIC, a custom 5nm network interface controller (NIC) ASIC, in collaboration with Meta. The FBNIC board design will be contributed to the Open Compute Project (OCP) community. Key features of FBNIC include:

• Ethernet network interface support for multiple configurations
• Multi-host PCIe interface with four independent Gen5 x4 ports
• Complete firmware control for innovative customized capabilities
• Compliance with OCP NIC 3.0, Version 1.2.0 Design Specification

This custom design aims to optimize performance, increase efficiencies, and reduce the average time needed to resolve potential network and server issues. Marvell's President of Products and Technologies, Raghib Hussain, emphasized the importance of optimizing semiconductors for specific applications and cloud infrastructure architectures in large-scale data center computing.

Marvell Technology (NASDAQ: MRVL) will showcase its accelerated infrastructure portfolio at the 2024 OCP Global Summit in San Jose, California, from October 15-17. The company will demonstrate how its innovations enable the next generation of AI and cloud data centers. Marvell will exhibit next-generation silicon technologies, including PAM4 DSPs, PCIe retimers, Ethernet network switches, and CXL devices, designed to meet the scaling requirements of AI-driven workloads and optimize cloud network performance.

Visitors to Marvell's booth B1 can explore products such as Alaska 1.6T PAM4 DSPs, PCIe Gen 6 retimers, COLORZ 800 ZR/ZR+ modules, and Teralynx Ethernet switches. Marvell experts will lead discussions on topics like scaling interconnect and memory for AI clusters, overcoming computing's memory challenges, and open network switching for hyperscale cloud AI infrastructure. The event will feature keynote panels, expo hall sessions, and workshops focusing on various aspects of AI and cloud connectivity.

Marvell Technology, Inc. (NASDAQ: MRVL) will showcase its optical technology innovations at the European Conference on Optical Communication (ECOC) 2024, held from September 22-26 in Frankfurt, Germany. The company will present advancements in PAM4 DSPs, coherent DSPs, and silicon photonics designed to meet the rising performance demands of AI cloud data centers.

Marvell's exhibit at stand B113 will feature solutions for carrier-grade and accelerated infrastructure, including the Nova 1.6T PAM4 DSP for AI and cloud connectivity, Orion 800G coherent DSP for carrier and data center interconnect, and COLORZ® 800G ZR/ZR+ DCI optical modules. The company's experts will participate in workshops and presentations focusing on AI's impact on transmission systems, coherent pluggable technology, and data center interconnects in the AI era.

Marvell Technology (NASDAQ: MRVL) has announced a quarterly dividend of $0.06 per share of common stock. This dividend will be payable on October 31, 2024 to shareholders of record as of October 11, 2024. The announcement demonstrates Marvell's commitment to returning value to its shareholders through regular dividend payments. This quarterly dividend payout is part of the company's ongoing financial strategy to balance reinvestment in growth opportunities with providing direct returns to investors.

Marvell Technology (NASDAQ: MRVL), Lumentum, and Coherent have successfully demonstrated 800G ZR/ZR+ optical modules for data center interconnects up to 500km, an industry first. This achievement enables cloud operators to efficiently scale regional data center connectivity for AI services. The modules, based on Marvell's Orion 800G coherent optical DSP, showcased interoperable metro-distance transmission over a 520km fiber link with a 2dB margin.

The development of these modules extends the reach from the standard 120km to 500km while maintaining compliance with OIF 800G ZR specifications. This advancement in pluggable coherent modules has seen a 100% CAGR since 2022, outpacing other coherent technologies. The interoperability demonstration highlights the expanding application of pluggable modules beyond short-reach data center interconnects, offering cost-effective and power-efficient solutions for cloud and traditional network operators.

Marvell Technology (NASDAQ: MRVL) reported its Q2 FY2025 financial results, with net revenue of $1.273 billion, a 5% year-over-year decline but $23 million above guidance. The company posted a GAAP net loss of $(193.3) million, or $(0.22) per diluted share, while non-GAAP net income was $266.2 million, or $0.30 per diluted share. Q2 saw 10% sequential growth, driven by strong AI demand. For Q3 FY2025, Marvell expects revenue of $1.450 billion ±5% and non-GAAP diluted EPS of $0.40 ±$0.05. The company anticipates growth across all end markets, with data center acceleration and a return to growth in enterprise networking and carrier markets.

Marvell Technology (NASDAQ: MRVL) is showcasing its cloud storage and CXL memory technologies at the Flash Memory Summit 2024. The company's Structera X CXL memory-expansion controller won the 'Most Innovative Sustainability Technology' award. Marvell's booth #1046 will feature demonstrations of Structera CXL near-memory compute, accelerated storage for RAG and AI inference with Bravera SC5, and flexible data placement in QLC SSDs.

Marvell leaders will participate in the 'Pizza, Beer and Chat with the Experts' event. The company is also presenting in several sessions, covering topics such as Flash & Memory Controller Technologies for AI, SSD Technologies for Compute Use Cases, and CXL AI Implications.

Marvell Technology, Inc. (NASDAQ: MRVL) announced that Microsoft will update its fleet of LiquidSecurity HSMs to the FIPS 140-3, Level-3 standard to enhance security in Azure services. Marvell's LiquidSecurity 1 and 2 hardware security modules (HSMs) achieved this certification in June 2024. This stringent certification is important for financial institutions and government organizations.

LiquidSecurity HSMs, powered by OCTEON DPUs, are designed for dense multi-tenant cloud environments. A single LiquidSecurity2 card can manage 100,000 encryption key pairs and process over one million operations per second. According to ABI Research, revenue from cloud-based HSMs is expected to grow from under 15% today to over 40% by 2028.