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) is a semiconductor company that focuses on data infrastructure, and its news flow reflects this emphasis on connectivity, AI and cloud data centers. Company press releases describe Marvell as a leader in data infrastructure semiconductor solutions, working with many of the world’s leading technology companies to move, store, process and secure data.
Investors following MRVL news will see frequent updates on Marvell’s role in accelerated AI infrastructure. Recent announcements highlight definitive agreements to acquire XConn Technologies, a provider of PCIe and CXL switching silicon, and Celestial AI, which developed a Photonic Fabric technology platform for optical scale-up interconnect. These transactions are presented by Marvell as expanding its portfolio for next-generation AI and cloud data centers.
News items also cover product and technology developments. Marvell has announced industry adoption of its Alaska P PCIe 6 retimers to connect AI accelerators, GPUs, XPUs, CPUs, SSDs and CXL devices inside advanced data center systems. The company has introduced active copper cable linear equalizers and launched its Golden Cable initiative to accelerate the active electrical cable ecosystem for hyperscaler AI deployments. Additional releases describe collaborations around its LiquidSecurity hardware security modules, which power certain cloud-based security services.
Beyond technology, Marvell’s news includes financial and corporate updates such as quarterly earnings releases, dividend declarations, share repurchase authorizations and debt offerings, as reported in accompanying Form 8-K filings. For investors and analysts, the MRVL news stream provides insight into how Marvell is positioning itself in AI, cloud connectivity, security and capital allocation. Bookmark this page to review ongoing press releases and regulatory-linked announcements that shape the company’s trajectory in data infrastructure semiconductors.
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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Marvell (NASDAQ: MRVL) has appointed Marachel Knight, SVP of Engineering and Operations at AT&T, to its board of directors as of July 30, 2020. Knight brings over 25 years of technology leadership experience, particularly in 5G planning and rollout. Her addition is expected to enhance Marvell's focus on its 5G silicon solutions. The board also saw the departure of directors Oleg Khaykin and Donna Morris who chose not to stand for reelection. CEO Matt Murphy expressed enthusiasm about Knight’s potential contributions to the company’s technology and business priorities.
Marvell Technology Group Ltd. (NASDAQ: MRVL) will host a conference call on August 27, 2020, at 1:45 p.m. PT to discuss its second-quarter fiscal 2021 financial results. Interested participants can join by dialing 1-844-647-5488 or 1-615-247-0258 with passcode 9776144. The call will also be available via webcast on the Marvell Investor Relations website, with a replay accessible until September 3, 2020.
Marvell is a leader in infrastructure semiconductor solutions, delivering data infrastructure technology through partnerships with major technology companies.
Marvell (NASDAQ: MRVL) announced an integrated portfolio of Ethernet switch and PHY solutions designed for enterprise networks, facilitating secure data movement and addressing borderless enterprise needs. This new lineup supports mobility and cloud applications, ensuring zero downtime and high bandwidth for remote work. Key features include advanced telemetry, flow-aware intelligence, and enhanced security, with solutions spanning from 10Mbps to 400Gbps. The new products are positioned to upgrade networks for Wi-Fi 6 and 5G, with the first products available now and the full suite expected by year’s end.
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