Showing posts with label Marvell. Show all posts
Showing posts with label Marvell. Show all posts

Sunday, August 2, 2020

Marvell appoints AT&T's Marachel Knight to its Board

Marvell announced the appointment of Marachel Knight, SVP of Engineering and Operations of AT&T to its board of directors.

Knight's background includes over 25 years of technology leadership positions within AT&T Labs, Technology Operations and Network Planning and Engineering. She received her master's degree in information networking from Carnegie Mellon University's Information Networking Institute, and holds a bachelor's degree in electrical engineering from Florida State University.

As Knight joins the Board of Directors, Oleg Khaykin, who has served as a director since May 2016, and Donna Morris, who joined the Marvell Board in 2018 and has recently taken on a new executive role as Chief People Officer for Walmart, did not stand for reelection at the recent Annual General Meeting of Shareholders.

"I would like to take the opportunity to welcome Marachel to the Marvell board and thank Oleg for his many years of service and pivotal role in the company's transformation journey, and Donna for her many contributions including her strong voice of the employee perspective." Murphy said. "I wish them both well in their future endeavors."

Thursday, July 23, 2020

Marvell intros a customizable ASIC in 5nm

Marvell debuted a cutomizable ASIC that to deliver processing power for applications ranging from next generation 5G carriers, cloud data centers, enterprise and automotive.

Marvell’s new ASIC solution enables a multitude of customization options and a differentiated approach with best-in-class standard product IP including Arm-based processors, embedded memories, high-speed SerDes, networking, security and a wide range of storage controller and accelerators in 5nm and below.

With its legacy as part of IBM, GlobalFoundries and AveraSemi, the Marvell ASIC team brings decades of expertise with the custom ASIC model across 14 leading-process nodes and has produced over 2,000 custom ASICs.

“The future of compute requires scalable and highly optimized solutions that can power the data center all the way to the network edge,” said Mohamed Awad, vice president of Marketing, Infrastructure Line of Business, Arm. “Marvell brings a fresh and differentiated approach to addressing these requirements by uniquely utilizing Arm platforms to improve power, performance, and time-to-market for our mutual partners.”

“Marvell custom ASIC has a rich history in significant customization, advanced interfaces and memory solutions. Our ability to pull optimized components, like the Arm processor subsystem, from across Marvell’s product portfolio adds a whole new dimension to what we can deliver,” said Kevin O’Buckley, general manager of the ASIC BU at Marvell. “The breadth of Marvell’s infrastructure technology portfolio is unique in the industry – and is available in one comprehensive offering. We see this as an opportunity to deliver greater value to our existing customers while opening up possibilities for custom silicon implementations that had not previously been viable.”

Key features of Marvell’s 5nm and beyond ASIC:

  • Leading Arm-based processor technologies
  • Pre-optimized processor IP to improve power, performance, and time-to-market
  • Multiple power-optimized SerDes solutions at 112G and beyond
  • Ability to solve demanding system topologies at reduced system cost
  • Advanced packaging solutions for chiplets, integrated memory and optics
  • Lower board and ASIC costs
  • Simpler system integration
  • Bandwidth scaling and power reduction enabled with world-class SerDes
  • Enhanced security, networking and memory IP for the most demanding applications


https://www.marvell.com/products/custom-asic.html

Thursday, May 28, 2020

Marvell posts sales of $694 million citing growth in data center and 5G

Marvell Technology Group reported quarterly revenue of $694 million, which exceeded the midpoint of the company's guidance provided on March 4, 2020. GAAP net loss for the first quarter of fiscal 2021 was $(113) million, or $(0.17) per diluted share. Non-GAAP net income for the first quarter of fiscal 2021 was $118 million, or $0.18 per diluted share. Cash flow from operations for the first quarter was $176 million.

"In a challenging environment, solid execution by the Marvell team drove strong first quarter financial results with disciplined operating expense management, healthy operating cash flow, and revenue above the mid-point of guidance, enabled by stronger demand for our networking products from the datacenter and 5G infrastructure end markets," said Matt Murphy, Marvell's President and CEO. "While we did experience some COVID-19 supply chain impacts on our storage business in the first quarter, we expect a bounce back in the second quarter and we project our networking business to continue to grow."

Marvell's second quarter guidance takes into account the U.S. Government's export restrictions on certain Chinese customers. Given the ongoing uncertainty associated with COVID-19 and related public health measures, we also have temporarily widened the guidance range on revenue.

Second Quarter of Fiscal 2021 Financial Outlook

  • Revenue is expected to be $720 million +/- 5%.
  • GAAP gross margin is expected to be approximately 50.6%.
  • GAAP diluted loss per share is expected to be $(0.10) to $(0.02) per share.
  • Non-GAAP diluted income per share is expected to be $0.17 to $0.23 per share.


Sunday, April 19, 2020

Marvell enables NVMe over Fabrics storage disaggregation for VMware

Marvell's QLogic Fibre Channel and FastLinQ Ethernet adapters are now supporting NVMe over Fabrics (NVMe-oF) technology in VMware vSphere 7.0.

This enables high-performance NVMe flash storage to be effectively shared, pooled and managed across a fabric.

Specifically, Marvell FastLinQ 41000 and 45000 Series Ethernet Adapters support NVMe/RDMA over both RoCEv2 and iWARP protocols. Starting with VMware vSphere 7.0, customers can leverage NVMe/RoCEv2 capabilities of FastLinQ NICs while future-proofing their data centers for potential use cases of NVMe/iWARP and NVMe/TCP. FastLinQ Universal RDMA capability, combined with future support for NVMe over TCP, provides IT managers with the broadest choice of options to scale out NVMe.

"NVMe over Fabric technologies are unlocking the value of NVMe flash by delivering a variety of low latency, scalable and trusted fabrics," said Vikram Karvat, vice president and general manager, Server Connectivity Business Unit at Marvell. "The introduction of Marvell's QLogic FC-NVMe and FastLinQ NVMe/RoCEv2 technologies into industry-leading virtualization platforms from VMware enables end users to leverage economies of scale when deploying NVMe without compromising the performance, reliability or manageability of their infrastructure."

"VMware and Marvell solutions have been an integral part of every wave of virtualization and storage innovation in the data center for several years," said Sudhanshu Jain, director of product management, Cloud Platform, VMware. "Marvell's QLogic FC and FastLinQ Ethernet technology with vSphere 7.0 enables customers to leverage existing SAN infrastructure and migrate to FC-NVMe to take advantage of performance and cost matrix."

Sunday, March 15, 2020

Marvell samples dual 400GbE PHY

Marvell has begun sampling a dual 400GbE (Gigabit Ethernet) PHY transceiver with 100GbE serial electrical I/O capabilities. It enables interfacing between the current generation of switch ASICs with the next generation of optics and vice versa by supporting translation between 50G PAM4 and 100G PAM4 based implementations of 400GbE, 200GbE and 100GbE.

Marvell said its new dual 400GbE MACsec PHY (88X9121P) device with 100G serial I/Os enables the doubling of faceplate bandwidth on datacenter networks while reducing the total power consumption and cost per bit. The new device offers 256-bit MACsec encryption to ensure heightened point-to-point security, Class C compliant precision time protocol (PTP) timestamping for enhanced synchronization and Marvell’s  112G PAM4 SerDes technology for high-density 400GbE and 100GbE deployments.

The advent of 100G serial electrical signaling optical modules will allow 1:1 mapping between electrical and optical I/O speeds. This removes the additional circuitry inside 400GbE optical modules to convert from 50G electrical I/Os to 100G per lambda optical I/Os, reducing cost and power. As first to market with a PHY transceiver that has 100G serial I/Os, Marvell is placing itself at the forefront of this transitional process. The new PHY transceivers provide networking OEMs with the cutting-edge technology required for high-density dual 400G/octal 100G optical modules in QSFP-DD and OSFP form factors for cloud and data center applications.
The 88X9121P is both footprint- and software-compatible with the recently announced 88X7121P, providing a seamless upgrade path that facilitates migration to modules with 100GbE serial I/Os.

“We see the introduction of our feature-rich 100G serial I/O based, dual 400GbE PHYs playing a major role in the next evolutionary phase of the global data center and cloud sectors,” said Faraj Aalaei, executive vice president of the Networking Business Group at Marvell. “The transition to 100G serial signaling is critical for high-density optical interconnects required for next-generation switching solutions. Our newest PHY transceivers will help drive the industry transition to 100G serial I/O-based optics as data centers and cloud providers look to bring greater computing bandwidth and efficiency to their customers.”

https://www.marvell.com/company/newsroom/marvell-delivers-industry-s-first-dual-400gbe-phy-with-100g-serial-ios-and-macsec-security.html

Wednesday, March 4, 2020

Nokia looks to Marvell for 5G silicon development

Nokia is working with Marvell to develop 5G multi-RAT (Radio Access Technology) silicon, including multiple generations of custom silicon and infrastructure processors.

The new generation of custom system-on-chip (SoC) and infrastructure processors will expand the range of Nokia ReefShark chipsets. Marvell brings its multi-core Arm processor platforms.

Nokia said these new chipsets are designed to be deployed in several building blocks of its AirScale radio access solution.

Tommi Uitto, President of Mobile Networks at Nokia, said: “This important announcement highlights our continued commitment to expanding the variety and utilization of ReefShark chipsets in our portfolio. This ensures that our 5G solutions are equipped to deliver best-in-class performance to our customers. As service providers continue to evolve their 5G plans and support growing traffic and new vertical services, the infrastructure and components must evolve rapidly. Adopting the latest advancements in silicon technology is a critical step to better serve our customers’ needs.” 

Matt Murphy, CEO and President of  Marvell: “Marvell is excited and honored to partner with Nokia to enable next-generation solutions for 5G networks. Our platform of semiconductor solutions for data infrastructure in combination with Nokia’s technology and market leadership will enable wireless networks of the future to deliver on the promise of 5G and open a world of new business opportunities.”

Nokia's ReefShark silicon cuts massive MIMO antenna size and power consumption

Nokia unveiled its ReefShark 5G chipsets for radio frequency (RF) units such as the radio used in antennas. The chipsets, which were developed in-house, significantly improve radio performance resulting in halving the size of massive MIMO antennas. Nokia says its ReefShark chipsets also reduce power consumption in baseband units by 64%, compared to current technology.

The ReefShark chipsets comprise:

  • ReefShark Digital Front End for LTE and 5G radio systems supporting massive MIMO
  • ReefShark RFIC front-end module and transceiver: massive MIMO Adaptive Antenna solution
  • ReefShark Baseband Processor: All-in-one compute heavy design, capable of supporting the massive scale requirements of 5G. This is the brain power of baseband processing.

Marvell partners with Samsung on RAN processing

Marvell and Samsung Electronics Co. are extending their collaboration to include additional segments of the Radio Access Network (RAN). The solutions will build on the OCTEON Fusion platform and integrating Samsung’s unique intellectual property.

To date, the companies have worked closely to deliver multiple generations of baseband and transport processing solutions for base stations based on Marvell’s OCTEON and OCTEON Fusion processors.

In addition, the companies are collaborating on innovative radio unit architectures designed to meet the dramatic increase in compute power required for the complex beamforming algorithms inherent to massive MIMO deployments. 

“Samsung is committed to helping mobile operators meet their performance targets,” said Jaeho Jeon, executive vice president and head of R&D, Networks Business at Samsung Electronics.  “Our relentless spirit to find innovative ways to address the next set of 5G market challenges will drive us to enhance our 5G technical capabilities.  Marvell is a valued collaborator in helping us achieve these goals.”

“Marvell believes that close collaboration with Samsung has allowed both companies to excel in the 5G infrastructure market,” said Raghib Hussain, chief strategy officer and executive vice president of the Networking and Processors Group at Marvell.  “It is our goal to ensure that infrastructure equipment suppliers such as Samsung can allow network operators to thrive in the fast-paced world of 5G.”

Monday, March 2, 2020

Marvell unveils 5th gen OCTEON with up to 36 Arm v8 cores

Marvell unveiled its OCTEON TX2 family of infrastructure processors targeting a wide variety of wired and wireless networking equipment including switches, routers, secure gateways, firewall, network monitoring, 5G base stations, and smart NICs.

The fifth-generation OCTEON TX2 family promises a 2.5x improvement over the previous generation and scaling up to 200Gbps of packet processing throughput. OCTEON TX2 combines up to 36 cores, based on the Arm v8-A architecture with configurable and programmable hardware accelerator blocks, connected by Marvell’s field-proven and highly scalable coherent interconnect.

The OCTEON platform is enabled by a mature and widely deployed SDK, supported by robust software ecosystems consisting of both open source and commercial offerings.  The platform includes firmware, Linux OS and multiple distributions, virtualization, containers, data plane development kit (DPDK), protocol stacks, infrastructure management and orchestration like OpenStack and Kubernetes, and virtual network functions (VNFs).  In addition, Marvell supports a full routing stack including TCP, SSL, and IPSEC support and DPDK support for L2/L3 forwarding and IPSEC.

“Today’s data infrastructure requires significantly faster network throughput and higher end-to-end security at all nodes of the network,” said John Sakamoto, vice president of Infrastructure Processor Business Unit at Marvell.  “Built on more than a decade of expertise, the OCTEON TX2 family extends Marvell’s performance leadership in supporting high-performance datapath and security applications with a 2.5x performance boost over previous generations.”

Marvell’s CN91xx, CN92xx, CN96xx, and CN98xx processor families include:

  • 4 - 36 cores based on the Armv8-A architecture ranging up to 2.4 GHz frequency
  • I/O with 25G SerDes-based I/O interfaces, e.g. 100GbE, 50GbE, 40GbE, 25GbE, 10GbE, 2.5GbE, 1GbE Ethernet ports and PCIe gen4 interfaces supporting root-complex and end-point configurations
  • Enhanced NITROX V security co-processors which accelerate a comprehensive set of asymmetric and symmetric cryptographic operations
  • Hardware accelerators support with comprehensive packet processing hardware offload, including packet receive, flexible packet parsing, flow classification, buffer management, QoS (quality of service), transmit processing and hierarchical traffic shaping and scheduling
  • Load-balancing and work scheduling hardware which accounts for QoS, packet ordering and synchronization


In addition, Marvell is introducing a new generation family of OCTEON Fusion processors built on the OCTEON TX2 platform and optimized for cellular base station designs including baseband unit and smart radio unit applications.  The OCTEON Fusion family is ideally suited for layer 1 processing in traditional all-in-one base stations as well as Distributed Unit (DU) processing in 5G split architectures.  In addition, the highly scalable multi-core OCTEON Fusion architecture enables it to address a multitude of base station solutions from mid-capacity small cells to high-capacity modular macro cells.  In the Radio Unit (RU), the family offers processing solutions for smart radio heads requiring more compute power to support the complex beamforming algorithms associated with massive MIMO antenna arrays.

The Marvell RAN portfolio includes:

  • OCTEON Fusion: Complete 4G and 5G layer 1 baseband processing
  • OCTEON TX2: Layer 2 and 3 transport and control plane processing
  • Prestera: A line of Ethernet switching solutions for fronthaul, backhaul and intra-RAN connectivity
  • Ethernet Connectivity: Marvell’s Ethernet adapter, controller, and PHY product lines provide a comprehensive set of connectivity options for RAN infrastructure
  • Custom and semi-custom ASICS: OEM-differentiated solutions for baseband and radio unit designs


https://www.marvell.com/

Sunday, December 8, 2019

Marvell sells Wi-Fi connectivity business to NXP

Marvell completed the previously announced sale of its Wi-Fi Connectivity business to NXP . 

The divested business includes Marvell’s Wi-Fi and Bluetooth technology portfolios and related assets.

Marvell is updating its current quarter revenue guidance to reflect the Wi-Fi Connectivity business sale to NXP.  The company now anticipates fourth quarter FY20 revenue of $710 million +/- 3% vs. original guidance for $750 million +/- 3% as provided at the time of the third quarter earnings announcement on December 3, 2019. 

Thursday, May 30, 2019

Altran's Network Operating System support Marvell Prestera switches

Altran has developed the first commercial network operating system (NOS) to support the Marvell Prestera CX 8500 family of fully integrated Ethernet switches for data centers.

Altran’s Intelligent Switching Solution (ISS) combined with the Marvell Prestera CX 8500 switch silicon, delivers a feature-rich, production-grade platform that scales up to 12.8 terabits per second.

The Marvell Prestera CX 8500 family features the company's Storage Aware Flow Engine (SAFE) technology and its high-radix switch core technology known as Forwarding Architecture using Slices of Terabit Ethernet Routers (FASTER).

SAFE facilitates virtual storage orchestration on the Marvell Prestera CX 8500 family by providing greater insight into network flows with per flow visibility, advanced telemetry and comprehensive diagnostics that identify and resolve network congestion. The gNMI-enabled advanced network monitoring features of the ISS are designed to optimize the Prestera CX 8500’s dedicated hardware engines, which have programmability to address the latest telemetry packet formats and monitoring data exporting methods such as INT, iOAM and TAM.

Altran's ISS supports a wide range of standards for advanced routing, switching and management features, data center features and 5G mobility infrastructure. It delivers high performance and scalability through containers and micro services-based architecture.

“Altran’s ISS is an integral part of more than 100 products from leading networking and telecom equipment manufacturers. It enhances switching capability, reduces development times and increases focus on advanced application development,” said N. Mohan Rangan, Group SVP and chief engineering officer at Altran North America. “We also have a strong, longstanding relationship with Marvell for developing solutions that usher in next-generation technologies for the entire networking ecosystem.”

https://www.marvell.com

Wednesday, May 29, 2019

Marvell sells Wi-Fi business to NXP for $1.76 billion

NXP will acquire Marvell’s Wi-Fi Connectivity business for $1.76 billion in cash.

The deal includes Marvell’s Wi-Fi and Bluetooth technology portfolios and related assets. The business employs approximately 550 people worldwide and generated roughly $300 million in revenue in Marvell’s fiscal 2019.

NXP said the acquisition enables it to offer a full range of wireless connectivity solutions including WiFi 4, 5, 6 and Bluetooth/ BLE combo along with its flagship edge computing platforms. including I.MX, Layerscape, Kinetis, LPC and the newly introduced RT Crossover Processors.

“We are excited to be able to combine Marvell’s world-class connectivity with NXP’s industry leading embedded processing, we can offer our customer base the broadest portfolio of Edge solutions which includes tailored security and a full suite of wireless connectivity spanning WiFi, Bluetooth, Bluetooth Low Energy, Zigbee, Thread and NFC,” said Richard Clemmer, chief executive officer of NXP.

“NXP has built a broad consumer footprint and an optimized platform for IoT applications, making it an ideal home for our innovative Wi-Fi technology and team,” said Matt Murphy, president and CEO of Marvell. “At the same time, this transaction yields a premium valuation and substantially higher economic return for Marvell shareholders while accelerating our transformation into a leading infrastructure supplier spanning 5G, data center, enterprise and automotive Ethernet applications.”

“We are excited to be able to combine Marvell’s world-class connectivity with NXP’s industry leading embedded processing, we can offer our customer base the broadest portfolio of Edge solutions which includes tailored security and a full suite of wireless connectivity spanning WiFi, Bluetooth, Bluetooth Low Energy, Zigbee, Thread and NFC,” said Richard Clemmer, chief executive officer of NXP. “I am delighted this world-class team with the right set of complementary connectivity technologies is joining NXP, enabling us to deliver on our commitment to provide Secure Connections for the Smarter World.”

Monday, May 20, 2019

Marvell to acquire Avera Semi, the ASIC division of GLOBALFOUNDRIES

Marvell agreed to acquire Avera Semiconductor, the ASIC business of GLOBALFOUNDRIES, for $650 million in cash at closing plus an additional $90 million in cash if certain business conditions are satisfied within the next 15 months.

Marvell said its ambition is to become the world’s leading supplier of infrastructure semiconductor solutions and that Avera’s ASIC capabilities will accelerate this transformation. 

Avera, which was once part of IBM’s Microelectronics business, has been responsible for more than 2,000 complex designs in its 25-year history. The team brings design competencies in analog, mixed-signal and SoCs as well as a rich IP portfolio including high-speed SerDes, high-performance embedded memory and advanced packaging technology.  Avera also has strong relationships with blue-chip wired and wireless networking OEMs, having delivered custom solutions for multiple generations of switches, routers and base stations.  More recently, Avera has started to address emerging opportunities in next-generation cloud data centers with multiple programs in development.

Marvell's capabilities enable a wide range of digital processing including baseband, processors, Ethernet switches and PHYs.  Marvell’s opportunity set has recently expanded to encompass a number of custom SoCs addressing a broader portion of the base station.  Several of these new products are designed to replace FPGAs with purpose-built optimized silicon.  At the same time, Avera has provided custom products to be deployed in the radio head of a leading wireless infrastructure OEM for multiple generations. 

“Our acquisition of Avera enables us to offer the complete spectrum of product architectures spanning standard, semi-custom to full ASIC solutions,” said Matt Murphy, president and CEO of Marvell.  “With their highly experienced design team and Marvell’s leading technology platform, we will be better positioned to capitalize on our expanding opportunity in wired and wireless infrastructure, starting immediately in the fast growing 5G base station market.  In addition, we are looking forward to furthering our successful partnership with GLOBALFOUNDRIES in the coming years and beyond.”

“This transaction is another example of our commitment to focus on our core business of providing differentiated foundry offerings as a manufacturing service provider, while establishing deeper relationships with customers who are leaders in their respective sectors,” said Tom Caulfield, CEO at GLOBALFOUNDRIES.  “With this deal and our growing strategic partnership with Marvell, we will forge new opportunities for the teams of both companies to leverage GF’s broad set of offerings and capitalize on the 5G infrastructure market as well as other opportunities.  We look forward to becoming a strategic provider for Marvell for decades to come.” 

Marvell to acquire Aquantia for multi-Gig Ethetnet

Marvell Technology Group agreed to Aquantia for $13.25 per share in cash, representing approximately $452 million in transaction value after adjusting for net cash on Aquantia's balance sheet.

Aquantia, which is based in San Jose, California, specializes in Multi-Gig 2.5G/5G/10G Ethernet over copper products. Its portfolio automotive PHYs for in-vehicle Ethernet networks supporting level 4 and 5 autonomous driving.

Marvell said the acquisition complements its portfolio of copper and optical physical layer product, including its gigabit PHY and secure switch products.

"Our acquisition of Aquantia will fuel Marvell's leadership in the transformation of the in-car network to high-speed Ethernet over the next decade," said Matt Murphy, president and CEO of Marvell.  "At the same time, Aquantia extends our reach in the rapidly emerging Multi-Gig segment of network infrastructure and creates a leading end-to-end Ethernet connectivity portfolio."

"Marvell and Aquantia share a vision where the network – whether in an autonomous vehicle, an enterprise application or in cloud infrastructure – can seamlessly power the data economy," said Faraj Aalaei, chairman and CEO of Aquantia. "This is a fantastic opportunity as our customers will benefit from Marvell's global scale and expanding footprint in Multi-Gig network applications."

The transaction is expected to be immediately accretive to Marvell's non-GAAP earnings per share and generate significant annual run-rate synergies of $40 million to be realized within 12 months after the transaction closes.

Marvell intros silicon for 5G infrastructure

Marvell, whose 3G and 4G solutions are widely deployed in 3G and 4G networks worldwide, announced an end-to-end silicon platform for 5G infrastructure.

Whereas initial deployments of 5G NR have been dominated by FPGA-based solutions, Marvell said its 5G solution encompasses baseband DSPs, Arm multi-core SoCs, purpose-built hardware accelerators, Ethernet connectivity engines and system-level security solutions.

Marvell's 5G NR Platform includes:

  • Radio Access SoCs: The OCTEON Fusion-M product line is optimized for cost/power and programmable with a 3GPP protocol stack split and massive MIMO capabilities. Marvell's SoCs set the performance benchmark for both LTE-A and 5G NR, with multiple deployments through key industry partners.
  • Transport/EPC Core Processors: Multi-core OCTEON processors that are optimized to address the most demanding use cases of 5G NR. Marvell's scalable data-plane acceleration makes its embedded processors ideal for 5G Core/EPC applications at the heart of the network as well. Marvell uniquely offers a single unified architecture for both transport and EPC core.
  • Ethernet Networking: switches and PHYs for carrier infrastructure. Marvell Prestera switches contain hierarchical traffic management for mobile infrastructure. In addition, Marvell's differentiated switching solutions allow advanced flow identification and access control to enable user-level security.
  • Wi-Fi Connectivity: Marvell is ramping high volume production of 8x8 and 4x4 Wi-Fi 6 solutions. The 802.11ax engines include full MU-MIMO and OFDMA uplink and downlink, multi-gigabit peak speeds, precision location, cloud management, best-in-class beamforming and integrated Bluetooth 5 technology. 
  • ThunderX2 Arm-based Server: Marvell has introduced workload optimized ThunderX2 server processors to augment and enhance its 5G portfolio. 

"

Monday, May 6, 2019

Marvell to acquire Aquantia for multi-Gig Ethetnet

Marvell Technology Group agreed to Aquantia for $13.25 per share in cash, representing approximately $452 million in transaction value after adjusting for net cash on Aquantia's balance sheet.

Aquantia, which is based in San Jose, California, specializes in Multi-Gig 2.5G/5G/10G Ethernet over copper products. Its portfolio automotive PHYs for in-vehicle Ethernet networks supporting level 4 and 5 autonomous driving.

Marvell said the acquisition complements its portfolio of copper and optical physical layer product, including its gigabit PHY and secure switch products.

"Our acquisition of Aquantia will fuel Marvell's leadership in the transformation of the in-car network to high-speed Ethernet over the next decade," said Matt Murphy, president and CEO of Marvell.  "At the same time, Aquantia extends our reach in the rapidly emerging Multi-Gig segment of network infrastructure and creates a leading end-to-end Ethernet connectivity portfolio."

"Marvell and Aquantia share a vision where the network – whether in an autonomous vehicle, an enterprise application or in cloud infrastructure – can seamlessly power the data economy," said Faraj Aalaei, chairman and CEO of Aquantia. "This is a fantastic opportunity as our customers will benefit from Marvell's global scale and expanding footprint in Multi-Gig network applications."

The transaction is expected to be immediately accretive to Marvell's non-GAAP earnings per share and generate significant annual run-rate synergies of $40 million to be realized within 12 months after the transaction closes.

Aquantia expects weaker Q1

Separately, Aquantia reported revenue of $17.0 million for Q1 2019, a decrease of 42 percent sequentially and 40 percent year-over-year. First quarter 2019 net loss was $13.1 million, or a loss of $0.37 per diluted share, compared to fourth quarter 2018 net loss of $5.5 million, or a loss of $0.16 per diluted share, and first quarter 2018 net loss of $1.4 million, or $0.04 per diluted share.

“We experienced weaker demand in the first quarter than we had anticipated as we saw several customers push out purchase orders,” said Faraj Aalaei, Chairman and CEO. “Our technical leadership remains strong and we are encouraged by our customers’ forecast as we see the deployment of 802.11ax in the Enterprise and our 10G PON design wins with Asian service providers driving our revenue growth throughout the year.”

http://www.aquantia.com
https://investor.marvell.com

Aquantia intros automotive Ethernet portfolio- multi-gig over copper

Aquantia, which is known for its multi-gig Ethernet over copper PHY technologies, introduced an automotive networking portfolio and announced a collaboration with NVIDIA to provide Multi-Gig networking support for the NVIDIA DRIVE Xavier and DRIVE Pegasus platforms.

The market for automotive Ethernet could be many times larger than the data center, enterprise and access segments where multi-gig Ethernet-over-copper used today. Future vehicles, especially Level 4/5 autonomous vehicles, will require high-performance onboard networks to connect cameras, sensors, and displays with GPUs and CPUs.

Level 4/5 requirements include multiple high-resolution videos cameras, some of which are expected to be up to 4K60p at 20-bit resolution requiring full 10 Gbps connectivity. The network must be secure and redundant. It must also use reliable and low-cost cabling. For these reasons, Aquantia believes its multi-gig Ethernet over copper technologies are best suited for the task.

Aquantia's AQcelerate Automotive product line includes the following devices, which all support data rates up to 10GbE:
  • The AQV107 Multi-Gig PHY
  • The AQVC107 PCIe Multi-Gig MAC+PHY Ethernet controller
  • The AQVC100 PCIe Multi-Gig controller (MAC only)

Aquantia intros 10 Gigabit Ethernet MAC Controller

Aquantia introduced a 10G Ethernet Controller that enables SFP+ port or backplane connectivity.

Features of the AQtion AQC100 include:

  • PCI Express 3.0 modes with x4/x2/x1 lane operation
  • SFP+ for Direct Attach Copper (DAC) and optical SFP modules
  • Board-level or backplane connectivity between chips
  • Support for Windows, macOS, Linux, Data Plane Development Kit and other operating systems
  • Less than 1W power consumption

Monday, March 11, 2019

Marvell posts quarterly revenue of $745 million, eyes 5G

Marvell Technology Group reported revenue of $745 million for its fourth quarter of fiscal 2019  (ended 02-Feb-2109).

GAAP net loss from continuing operations for the fourth quarter of fiscal 2019 was $(261) million, or $(0.40) per diluted share. Non-GAAP net income from continuing operations for the fourth quarter of fiscal 2019 was $168 million, or $0.25 per diluted share. Cash flow from operations for the fourth quarter was $107 million.

Revenue for fiscal 2019 was $2.9 billion. GAAP net loss from continuing operations for fiscal 2019 was $(179) million, or $(0.30) per diluted share. Non-GAAP net income from continuing operations for fiscal 2019 was $716 million, or $1.19 per diluted share. Cash flow from operations for fiscal 2019 was $597 million

"Marvell continued to improve its financial performance in fiscal 2019, while also increasing scale and diversifying its business through the acquisition of Cavium. While macroeconomic conditions are currently impacting our first quarter outlook, we expect growth to resume in the second quarter," said Matt Murphy, Marvell's President and Chief Executive Officer. "Looking ahead, we are excited about our expanding position in the 5G market, including our recently announced partnership with Samsung, which includes multiple generations of baseband and control plane processors for both LTE and 5G base stations."

Marvell intros silicon for 5G infrastructure

Marvell, whose 3G and 4G solutions are widely deployed in 3G and 4G networks worldwide, announced an end-to-end silicon platform for 5G infrastructure.

Whereas initial deployments of 5G NR have been dominated by FPGA-based solutions, Marvell said its 5G solution encompasses baseband DSPs, Arm multi-core SoCs, purpose-built hardware accelerators, Ethernet connectivity engines and system-level security solutions.

Marvell's 5G NR Platform includes:

  • Radio Access SoCs: The OCTEON Fusion-M product line is optimized for cost/power and programmable with a 3GPP protocol stack split and massive MIMO capabilities. Marvell's SoCs set the performance benchmark for both LTE-A and 5G NR, with multiple deployments through key industry partners.
  • Transport/EPC Core Processors: Multi-core OCTEON processors that are optimized to address the most demanding use cases of 5G NR. Marvell's scalable data-plane acceleration makes its embedded processors ideal for 5G Core/EPC applications at the heart of the network as well. Marvell uniquely offers a single unified architecture for both transport and EPC core.
  • Ethernet Networking: switches and PHYs for carrier infrastructure. Marvell Prestera switches contain hierarchical traffic management for mobile infrastructure. In addition, Marvell's differentiated switching solutions allow advanced flow identification and access control to enable user-level security.
  • Wi-Fi Connectivity: Marvell is ramping high volume production of 8x8 and 4x4 Wi-Fi 6 solutions. The 802.11ax engines include full MU-MIMO and OFDMA uplink and downlink, multi-gigabit peak speeds, precision location, cloud management, best-in-class beamforming and integrated Bluetooth 5 technology. 
  • ThunderX2 Arm-based Server: Marvell has introduced workload optimized ThunderX2 server processors to augment and enhance its 5G portfolio. 

Friday, March 1, 2019

Marvell intros silicon for 5G infrastructure

Marvell, whose 3G and 4G solutions are widely deployed in 3G and 4G networks worldwide, announced an end-to-end silicon platform for 5G infrastructure.

Whereas initial deployments of 5G NR have been dominated by FPGA-based solutions, Marvell said its 5G solution encompasses baseband DSPs, Arm multi-core SoCs, purpose-built hardware accelerators, Ethernet connectivity engines and system-level security solutions.

Marvell's 5G NR Platform includes:

  • Radio Access SoCs: The OCTEON Fusion-M product line is optimized for cost/power and programmable with a 3GPP protocol stack split and massive MIMO capabilities. Marvell's SoCs set the performance benchmark for both LTE-A and 5G NR, with multiple deployments through key industry partners.
  • Transport/EPC Core Processors: Multi-core OCTEON processors that are optimized to address the most demanding use cases of 5G NR. Marvell's scalable data-plane acceleration makes its embedded processors ideal for 5G Core/EPC applications at the heart of the network as well. Marvell uniquely offers a single unified architecture for both transport and EPC core.
  • Ethernet Networking: switches and PHYs for carrier infrastructure. Marvell Prestera switches contain hierarchical traffic management for mobile infrastructure. In addition, Marvell's differentiated switching solutions allow advanced flow identification and access control to enable user-level security.
  • Wi-Fi Connectivity: Marvell is ramping high volume production of 8x8 and 4x4 Wi-Fi 6 solutions. The 802.11ax engines include full MU-MIMO and OFDMA uplink and downlink, multi-gigabit peak speeds, precision location, cloud management, best-in-class beamforming and integrated Bluetooth 5 technology. 
  • ThunderX2 Arm-based Server: Marvell has introduced workload optimized ThunderX2 server processors to augment and enhance its 5G portfolio. 

"Marvell is uniquely empowering our network infrastructure customer base to accelerate their 5G systems via our highly integrated solutions," said Raghib Hussain, chief strategy officer and executive vice president of the Network and Processors Group at Marvell Semiconductor, Inc. "Specifically, our 5G Ready portfolio is an order of magnitude better in terms of performance, power efficiency and overall implementation cost versus unoptimized field programmable pre-5G architectures. In short, the depth and breadth of Marvell's technology offers OEMs the flexibility to tailor their infrastructure solutions to specific carriers and global end markets."

Wednesday, February 6, 2019

Marvell warns on Q4 citing weaker cloud capital spending

Marvell Technology Group updated its financial guidance for its fourth quarter of fiscal 2019, which ended on February 2, 2019. The company now expects its fourth-quarter fiscal 2019 preliminary unaudited revenue to be in the range of $735 million to $745 million, below its previously announced guidance range of $790 million to $830 million.

Marvell said the majority of its fourth-quarter revenue shortfall was due to a weaker than expected storage controller business. The company believes demand for its products was impacted primarily by macroeconomic uncertainty, reduction in cloud capital spending and PC CPU shortages. The exception was embedded processors for networking and 4G & pre-5G wireless infrastructure which met expectations.

The company expects the weakness in demand that it saw in the fourth quarter of fiscal 2019 to continue in the first quarter of fiscal 2020.

"Although we are disappointed with our fourth quarter revenue, we continued to run the business efficiently under difficult end market conditions and are satisfied with gross margin execution and operating expense management," said Matt Murphy, President and CEO. "We are optimistic that demand will begin to improve later this year, as inventory levels adjust in customer's supply chains, and capital spending picks up. While we will prudently manage our operating expenses to reflect this softer demand environment, we remain committed to the key initiatives that we outlined at our Investor Day and are on track to launch our 5G base station products later this fiscal year. We have conviction in our strategy to drive long-term growth and we remain focused on execution."

Tuesday, December 4, 2018

Marvell posts revenue of $851 million, expects growth from Cavium

Marvell Technology Group posted revenue for the third quarter of its fiscal 2019 of $851 million. GAAP net loss from continuing operations for the third quarter of fiscal 2019 was $54 million, or $(0.08) per diluted share. Non-GAAP net income from continuing operations for the third quarter of fiscal 2019 was $222 million, or $0.33 per diluted share. Cash flow from operations for the third quarter was $299 million.

The company noted that quarterly revenue exceeded the midpoint of the guidance it provided on September 6, 2018.

"In the first full quarter operating as a combined Marvell and Cavium team, we completed key integration milestones ahead of schedule, delivered revenue above the midpoint of our guidance, and generated strong free cash flow at 30 percent of revenue. We also expect renewed revenue growth from the Cavium business in the fourth quarter," said Matt Murphy, Marvell's President and Chief Executive Officer. "Looking ahead, we expect the deployment of 5G will accelerate our growth over the next several years as engagements with a growing list of Tier 1 customers continue to build momentum in this major infrastructure transition."

Marvell completes acquisition of Cavium

Marvell Technology Group completed its previously announced acquisition of Cavium in a deal valued at approximately $6 billion.

Cavium, which is based in San Jose, California, offers a portfolio of multi-core processing, networking communications, storage connectivity and security silicon solutions.

Marvell,  which is based in nearby Santa Clara, California but has its corporate headquarters in Bermuda, was founded in 1995 and has over 5,000 employees and over 9,000 patents.

Friday, July 6, 2018

Marvell completes acquisition of Cavium

Marvell Technology Group completed its previously announced acquisition of Cavium in a deal valued at approximately $6 billion.

Cavium, which is based in San Jose, California, offers a portfolio of multi-core processing, networking communications, storage connectivity and security silicon solutions.

Marvell,  which is based in nearby Santa Clara, California but has its corporate headquarters in Bermuda, was founded in 1995 and has over 5,000 employees and over 9,000 patents.

“The next wave of semiconductor growth will be fueled by advancements in the data economy,” said Matt Murphy, Marvell’s President and Chief Executive Officer. “Applications such as AI, 5G, Cloud, automotive, and edge computing all require engineering solutions that combine high bandwidth, very low power consumption, and leadership in complex system on a chip solutions. As a combined company, we now offer industry-leading IP, a broad portfolio of infrastructure solutions, and a talented team of innovators ready to tackle our customers’ toughest challenges. We’re excited to get started.”

Syed Ali, who is a co-founder of Cavium and served as its President, Chief Executive Officer and Chairman of the Board of Directors since the company’s launch in 2000, had been appointed to Marvell's Board of Directors. In addition, Brad Buss and Dr. Edward Frank have also been appointed to the Marvell Board. Brad Buss served as a director of Cavium since July 2016, as CFO of SolarCity from 2014 to 2016, and as CFO of Cypress Semiconductor from 2005 to 2014. Dr. Edward Frank served as a director of Cavium since July 2016. A co-founder of startup Cloud Parity, Dr. Frank served as its CEO until September 2016. Earlier, he served as Vice President of Macintosh Hardware Systems Engineering at Apple from 2009 to 2013 and, prior to Apple, worked at Broadcom Corporation from 1999 to 2009.




Monday, July 2, 2018

Marvell gets Chinese regulatory approval for Cavium acquisition

China's State Administration for Market Regulation has approved the Marvell's previously announced merger transaction with Cavium.

Marvell currently expects the merger to close in July 2018.

Marvell to acquire Cavium for $6 billion

Marvell Technology Group Ltd., which is a leading supplier of HDD and SSD storage controllers along with wireless and Ethernet components, agreed to acquire Cavium for $40.00 per share in cash and 2.1757 Marvell common shares for each Cavium share, representing a transaction value of $6 billion. Current Cavium shareholders would own approximately 25% of the combined company.

Cavium, which is based in San Jose, California, offers a portfolio of multi-core processing, networking communications, storage connectivity and security silicon solutions. For Q3 2017, Cavium reported net revenue of $252.0 million, a 4.1% sequential increase from the $242.1 million reported in the second quarter of 2017, and a GAAP net loss of $6.2 million, or ($0.09) per diluted share.

Marvell,  which is based in nearby Santa Clara, California but has its corporate headquarters in Bermuda, was founded in 1995 and has over 5,000 employees and over 9,000 patents. For its most recent fiscal quarter, Marvell reported sales of $605 million, and GAAP net income from continuing operations of $135 million, or $0.26 per share. The company underwent a restructuring in October 2016.

Marvell said the acquisition will give it scale and breadth to deliver end-to-end solutions across the cloud data center, enterprise and service provider markets.

Thursday, May 31, 2018

Marvell posts revenue of $605 billion, next quarter excludes $7m is sales to ZTE

Marvell Technology Group reported revenue for its first quarter of fiscal 2019 was $605 million, which exceeded the midpoint of the Company's guidance provided on March 8, 2018. GAAP net income from continuing operations for the first quarter of fiscal 2019 was $129 million, or $0.25 per diluted share. Non-GAAP net income from continuing operations for the first quarter of fiscal 2019 was $165 million, or $0.32 per diluted share. Cash flow from operations for the first quarter was $129 million.

"Fiscal 2019 is off to a strong start, driven by the performance of our storage, networking and connectivity businesses which grew 7% year over year in Q1. Marvell's R&D engine is executing well, and our newly announced products are fueling a growing design win pipeline," said Marvell President and CEO Matt Murphy. "Overall, I'm pleased with the results and thank the entire Marvell team for their effort and contribution."

Revenue for the company's second quarter of 2019 is expected to be $600 million to $630 million. The guidance range excludes approximately $7 million in revenue from a Chinese OEM due to the trade restrictions imposed by the U.S. government.