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Marvell Technology Inc. (MRVL) drives innovation in semiconductor solutions for data infrastructure, networking, and AI acceleration. This news hub provides investors and technology professionals with direct access to official corporate announcements and strategic developments.
Track MRVL's latest financial results, product launches, and partnership announcements through verified press releases. Our curated collection includes updates on custom silicon innovations, data center advancements, and connectivity solutions shaping next-generation infrastructure.
Key content areas span quarterly earnings disclosures, technology roadmap updates, executive leadership changes, and industry recognition milestones. Bookmark this page for real-time updates on Marvell's contributions to 5G infrastructure, cloud computing architectures, and automotive electronics development.
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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.
Marvell Technology Group Ltd. (NASDAQ: MRVL) will hold its Virtual Investor Day on October 8, 2020, from 8 AM to 11 AM Pacific Time. The event will be accessible via a live webcast on Marvell's Investor Relations website, with a replay available until October 30, 2020. Marvell focuses on infrastructure semiconductor solutions and has been trusted by leading technology companies for over 25 years. The company aims to transform enterprise, cloud, automotive, and carrier architectures through deep collaboration with its customers.
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