Welcome to our dedicated page for Marvell Technology news (Ticker: MRVL), a resource for investors and traders seeking the latest updates and insights on Marvell Technology stock.
Marvell Technology, Inc. (NASDAQ: MRVL) stands as a global leader in the semiconductor industry, specializing in the design and manufacture of data infrastructure solutions. With roots dating back to 1995, Marvell has built a robust international presence, employing over 7,000 professionals across its numerous design centers located in places such as China, Europe, Hong Kong, India, Israel, Japan, Malaysia, Singapore, Taiwan, and the U.S. The company's U.S. subsidiary operates out of Santa Clara, California.
Marvell Technology excels as a fabless semiconductor company, shipping over one billion chips annually. These chips are pivotal to various sectors including data centers, automotive, enterprise, carrier infrastructure, and consumer markets. The company's extensive product portfolio encompasses processors, optical and copper transceivers, switches, and storage controllers. Marvell's core competencies in microprocessor architecture and digital signal processing empower it to drive high-volume storage solutions, mobile and wireless technologies, and networking products.
The company's recent achievements underscore its commitment to innovation and growth. Marvell reported fourth-quarter fiscal 2024 revenue of $1.427 billion, surpassing the mid-point of its guidance. AI-driven advancements significantly boosted data center revenue by 38% sequentially and 54% year-over-year. Additionally, Marvell's technology is essential for evolving AI infrastructure, positioning it well for future growth as AI continues to expand.
In fiscal 2025, Marvell anticipates continued growth in its data center revenue, bolstered by shipments of cloud-optimized silicon for AI. Despite some softness in consumer, carrier infrastructure, and enterprise networking demand, the company projects a recovery in the latter half of the fiscal year. Currently, Marvell is exploring strategic initiatives such as a $3 billion stock repurchase program, aimed at enhancing shareholder value.
Moreover, Marvell has recently introduced pioneering products like the Marvell Nova 2, the industry's first 1.6 Tbps PAM4 optical DSP, meeting the rising performance demands of AI and high-performance computing. This innovation in optical connectivity underscores Marvell's commitment to staying at the forefront of data infrastructure solutions.
News Highlights:
- Marvell reported financial results for the fourth fiscal quarter and fiscal year ended February 3, 2024, noting significant revenue driven by AI applications.
- The company’s Board of Directors authorized a $3 billion addition to its stock repurchase program, marking the largest repurchase authorization in its history.
- Silicon Box announced a major investment in Northern Italy to build a state-of-the-art semiconductor assembly and test facility, further expanding Marvell's global footprint.
- Marvell introduced the Nova 2 DSP to meet the escalating performance demands of AI and high-performance computing.
With a commitment to collaboration and transparency, Marvell continues to transform enterprise, cloud, automotive, and carrier architectures to better serve the dynamic market needs. Investors can stay updated on Marvell's financial and technological advancements through regular conference calls and webcasts hosted by the company.
Marvell (NASDAQ: MRVL) has launched the first 112G 5nm SerDes solution, validated in hardware, enhancing data infrastructure for 5G, enterprise, and cloud data centers. This technology doubles the bandwidth of current 56G systems while achieving over 25% power reduction compared to 7nm, making it ideal for high-performance applications. Marvell has also secured a custom ASIC design win for top-of-rack and spine switches in hyperscale data centers. This breakthrough positions Marvell as a leader in the shift towards 100G serial technology, vital for AI and machine learning workloads.
Marvell Technology Group Ltd. (NASDAQ: MRVL) will host a conference call on December 3, 2020, at 1:45 p.m. Pacific Time, to discuss its third quarter fiscal year 2021 financial results. Interested participants can join the call by dialing 1-844-647-5488 or 1-615-247-0258 with the passcode 3247376. The event will also be broadcasted on the investor relations website, with a replay available until December 10, 2020. Marvell is recognized for its contributions in data infrastructure technology, supporting major tech corporations globally.
Marvell (NASDAQ: MRVL) has launched the first automotive gigabit Ethernet PHY with integrated MACsec technology aimed at enhancing in-vehicle data security. The 88Q222xM Ethernet PHY addresses the growing need for secure communications as the automotive industry anticipates nearly a billion connected cars by 2030. This product not only supports energy-efficient network architectures but also complies with Open Alliance TC10 standards for sleep modes. Moreover, it has a temperature range suitable for harsh automotive environments, contributing to functional safety compliance.
Marvell (NASDAQ: MRVL) has launched the industry's first native NVMe RAID 1 accelerator, designed for multi-tenant cloud and enterprise data centers. This pioneering technology enables optimized reliability and performance while reducing the total cost of ownership by offloading RAID 1 processing from server CPUs. The HPE NS204i-p NVMe OS Boot Device, featuring this accelerator, is now available on select HPE ProLiant servers and HPE Apollo systems. This innovative solution enhances application processing performance while ensuring data integrity and is compatible with various operating systems.
Marvell (NASDAQ: MRVL) was awarded the 2020 Excellence in Quality and GSM Supplier of the Year by Cisco during its annual Supplier Appreciation Event. The awards recognize Marvell's commitment to high quality standards and exceptional performance in technology, flexibility, and productivity. Cisco's event this year was virtual, celebrating the vital role of supply chain partners in supporting Cisco's success. Marvell has built a strong reputation over 25 years, providing semiconductor solutions that connect the world.
On September 30, 2020, Marvell announced the shipment of its 1 millionth OCTEON-powered LiquidIO SmartNIC. The LiquidIO III SmartNIC incorporates the OCTEON TX2 DPU, featuring up to 36 Arm V8 cores and 5 x100G network connectivity. This product significantly enhances data center performance and efficiency, allowing users to offload critical workloads, thus reducing total cost of ownership. Major clients like Oracle benefit from this innovation, enabling customizable cloud networks. Marvell maintains leadership in the SmartNIC market, continuously developing tailored solutions for cloud hyperscalers.
Marvell (NASDAQ: MRVL) announced its custom application-specific integrated circuits (ASICs) are poised to support next-gen AI accelerator solutions for data center and automotive sectors. These ASICs excel in AI and machine learning, featuring advanced SRAMs, high-performance SerDes, and various pre-qualified memory interfaces. Marvell's design methodology promises swift market entry and robust reliability. The company is collaborating with several manufacturers, including Groq, which aims to create a peta operations per second AI accelerator-on-a-chip.
Marvell Technology Group Ltd. (NASDAQ: MRVL) announced a quarterly dividend of $0.06 per share, payable on October 28, 2020. Shareholders of record as of October 12, 2020 will receive this dividend. Marvell focuses on delivering innovative data infrastructure technology, providing semiconductor solutions to enhance the management of data for a diverse range of industries, including cloud and automotive. The company's partnerships with leading tech firms underscore its commitment to evolving data architectures for future needs.
Marvell (NASDAQ: MRVL) announced its membership in the Open RAN Policy Coalition, aimed at promoting open standards in the Radio Access Network (RAN) market. This coalition consists of key operators and technology providers to advance the adoption of interoperable solutions. Marvell, leveraging its extensive experience in RAN technologies, aims to drive innovation in the 5G ecosystem through collaboration and participation in various standards initiatives. Executives emphasize the importance of open interfaces for the success of emerging wireless technologies.
Marvell Technology Group Ltd. (NASDAQ: MRVL) reported its second-quarter fiscal 2021 results, showcasing revenue of $727 million, exceeding guidance. This marks an 11% year-on-year and 5% sequential growth. However, the company experienced a GAAP net loss of $158 million ($0.24 per share). Non-GAAP net income stood at $140 million ($0.21 per share). Marvell anticipates third-quarter revenue to reach $750 million (+/- 5%), amid challenges from U.S. export restrictions and COVID-19 uncertainties.
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