Marvell Technology Inc Stock Price, News & Analysis

Marvell Technology Group Ltd. announced the pricing of a $2 billion Senior Notes Offering through its subsidiary, Marvell Technology, Inc. The offering includes $500 million in 1.650% Senior Notes due 2026, $750 million in 2.450% Senior Notes due 2028, and $750 million in 2.950% Senior Notes due 2031. Proceeds will primarily fund the acquisition of Inphi Corporation, scheduled to close in April 2021, pending shareholder approvals. The offering is expected to finalize by April 12, 2021, under Rule 144A and Regulation S of the Securities Act.

On March 25, 2021, Samsung Electronics and Marvell (NASDAQ: MRVL) jointly announced the development of a new System-on-a-Chip (SoC) aimed at enhancing 5G network performance. Designed for Samsung's Massive MIMO and advanced radios, the SoC is set for market introduction in Q2 2021. It supports both 5G and 4G networks, boasting a significant 70% reduction in power consumption compared to previous solutions. This collaboration highlights the ongoing partnership between the two companies to drive innovation in 5G technology.

Marvell Technology Group and Inphi Corporation have set dates for shareholder votes regarding Inphi's acquisition by Marvell. Marvell's vote will occur on April 15, 2021, at 2:00 p.m. PT, while Inphi's vote is scheduled for the same day at 10:00 a.m. PT. Both companies' boards recommend shareholders vote 'FOR' the merger, which aims to integrate Marvell's semiconductor solutions with Inphi's data movement technologies, enhancing their position in the cloud and 5G markets.

Marvell Technology Group Ltd. (NASDAQ: MRVL) has received Chinese regulatory approval for its proposed acquisition of Inphi Corporation, with the deal expected to close in April 2021, pending shareholder approval. This acquisition is part of Marvell's strategy to strengthen its position in data infrastructure semiconductor solutions. The SEC has declared effective the registration statement related to the transaction, which is crucial for shareholders of both companies. Investors are encouraged to read all relevant documents for essential details regarding the transaction.

Marvell Technology Group Ltd. (NASDAQ: MRVL) has declared a quarterly dividend of $0.06 per share, payable on April 28, 2021, to shareholders of record as of April 9, 2021. This decision emphasizes the company's commitment to returning value to its shareholders while continuing to build infrastructure technology solutions for various industries. Marvell has been a trusted partner for leading tech companies for 25 years, focusing on transforming enterprise, cloud, automotive, and carrier architectures.

Marvell Technology Group Ltd. (NASDAQ: MRVL) reported fourth-quarter net revenue of $798 million, exceeding previous guidance. GAAP net income was $17 million ($0.02/share), while non-GAAP net income was $201 million ($0.29/share). For fiscal 2021, total net revenue reached $3.0 billion, with a GAAP net loss of $(277 million) ($(0.41/share)). Non-GAAP net income for the year was $627 million ($0.92/share). Looking ahead, Marvell expects first-quarter revenue of $800 million +/- 5%, with guidance reflecting potential impacts from U.S. export restrictions and ongoing pandemic uncertainties.

Marvell (NASDAQ: MRVL) announced its collaboration with Facebook Connectivity to join the Evenstar program, focusing on developing a 4G/5G OpenRAN Distributed Unit (DU) design. Utilizing the OCTEON Fusion baseband processors, the DU aims to enhance the OpenRAN ecosystem by providing a cost-optimized, interoperable solution for mobile network operators. The DU supports up to 16 downlink layers with high-performance capabilities, ready for trials by next year. This partnership underscores Marvell's dedication to advancing OpenRAN technology and fostering collaborative efforts within the industry.

Marvell (NASDAQ:MRVL) announced a partnership with Fujitsu to supply its OCTEON Fusion baseband processors for Fujitsu's 5G NR base stations. This collaboration aims to enhance Fujitsu's 5G RAN footprint globally, leveraging Marvell's technology to meet diverse network needs. The OCTEON Fusion processors are now in volume production and are gaining traction among telecom OEMs, indicating a strong demand for advanced 5G solutions.

Marvell (NASDAQ: MRVL) announced the shipping of its HDD controller and preamplifier for Toshiba's MG09 Series 18TB Cloud-Scale HDDs, signaling a strengthened partnership. This new product, utilizing innovative MAMR technology, addresses the growing demand for high-capacity storage solutions in cloud data centers. The MG09 Series offers reliability and efficiency, catering to diverse workloads. Toshiba cited Marvell's technology as crucial for expanding capacity while maintaining quality. This collaboration follows their prior success with Toshiba's MG08 16TB HDD.