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

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. 

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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.

Monday, May 7, 2018

Marvell appoints Bethany Mayer and Donna Morris to Board

Marvell has appointed Bethany Mayer, former President and CEO of Ixia, and Donna Morris, Executive Vice President, Customer and Employee Experience at Adobe, to its board of directors. Incumbent directors Gerri Elliott, who recently joined Cisco Systems as its new Chief Sales and Marketing Officer, and Peter Feld have notified Marvell that they will not be standing for re-election at the company's 2018 annual general meeting of shareholders to be held on June 28, 2018.

Bethany Mayer is currently an executive partner with Siris Capital Group LLC. From 2014 through 2017, she was the president, CEO and a board member of Ixia, a market leader in test, visibility and security solutions acquired by Keysight Technologies in 2017. From 2011 through 2014, Mayer was senior vice president and general manager of HP's Networking Business unit and the NFV Business unit and as vice president, marketing and alliances for HP's Enterprise Servers Storage and Networking Group from 2010 until 2011.

Donna Morris has served as Executive Vice President, Customer and Employee Experience at Adobe Systems Incorporated since 2016, and in other senior positions with Adobe since 2002.

Tuesday, March 27, 2018

Marvell integrates its Automotive Ethernet Switch into NVIDIA DRIVE

Marvell confirmed that its 88Q5050 secure automotive Ethernet switch is integrated into the NVIDIA DRIVE Pegasus platform for autonomous vehicles.

Marvell said its secure switch can handle multi-gigabit applications for OEM car manufacturers to deliver an in-car network that supports sensor fusion, cameras, safety and diagnostics. Its switch design employs a deep packet inspection (DPI) engine and trusted boot functionality to ensure a robust level of security. The switch also supports both blacklisting and whitelisting addresses on all its Ethernet ports to further enhance its security especially against denial of service attacks.

The NVIDIA DRIVE Pegasus computing platform has been designed to handle Level 5 driverless vehicles and compute over 320 trillion operations per second. The platform combines deep learning, sensor fusion, and surround vision to understand what’s happening around the vehicle in real-time. The Marvell 88Q5050 layer 2 managed secure IP switch enables the fast and safe transmission of this data for next generation connected vehicles.

“The 88Q5050 is Marvell’s latest addition to the automotive portfolio of wired and wireless network solutions and is designed to prevent malicious attacks or compromises to data streamed in and out of the vehicle. Marvell has over 20 years of Ethernet IP experience and this partnership with NVIDIA demonstrates our continued commitment to innovating and leading in automotive technology. Marvell is excited about the future of automotive and will utilize its extensive portfolio to accelerate the adoption of automotive Ethernet,” said Thomas Lagatta, executive vice president of Sales and Marketing at Marvell.

Thursday, March 8, 2018

Marvell posts revenue of $615 million

Marvell Technology Group reported revenue for the fourth quarter of its fiscal 2018 of $615 million.  GAAP net income from continuing operations for the fourth quarter of fiscal 2018 was $49 million, or $0.10 per share. Non-GAAP net income from continuing operations for the fourth quarter of fiscal 2018 was $165 million, or $0.32 per diluted share. Cash flow from operations for the fourth quarter was $120 million.

"Our strong fourth quarter and fiscal year results continue to demonstrate that Marvell's strategy is working and that our team is executing it very well," said Marvell President and CEO Matt Murphy. "We are making tremendous progress in the transformation of Marvell, and I look forward to the year ahead."



  • In November, Marvell., 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.

Monday, March 5, 2018

Marvell intros 16-Port 50GbE PHY transceiver

Marvell introduced new transceiver to address the transition in hyperscale data centers from 25GbE (Gigabit Ethernet) and 100GbE to 50GbE, 200GbE and 400GbE.

The new device, which is part of Marvell's Alaska C family of transceivers, addresses this I/O speed transition in hyperscale data centers with support of 16 ports of 50GbE, 4 ports of 200GbE and 2 ports of 400GbE, utilizing 50G PAM4 signaling.

Marvell said its transceivers are the first PHY devices on the market to be fully compliant with new IEEE 802.3cd standards that define PAM4-based 50GbE port types. The port density on the 88X7120 has been specifically optimized to enable QSFP-DD (Quad Small Form Factor Pluggable – Double Density) and OSFP (Octal Small Form Factor Pluggable) port types for 50GbE, 200GbE and 400GbE deployments.

The devices also provide gearboxing functionality for translating between PAM4 and NRZ port types to enable a smooth transition to the newer Ethernet speeds, while maintaining support for existing optics and ASIC I/Os. They have a fully symmetric architecture, with long reach SerDes on both system and line side interfaces, to enable system design flexibility and to support both optical and direct-attach copper interconnects. The 88X7120 is sampling to key customers today.

 “Increasing the throughput rate to 50Gb per lane is critical to meeting the rapidly growing bandwidth requirements in today’s hyperscale data center environments. Our next generation PHY transceivers provide the highest performance solution in the industry and will be essential to helping customers meet the ever expanding bandwidth needs of their next-generation networks,” stated Chris Koopmans, executive vice president, Networking & Connectivity, Marvell.

Monday, November 20, 2017

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.

“This is an exciting combination of two very complementary companies that together equal more than the sum of their parts,” said Marvell President and Chief Executive Officer, Matt Murphy. “This combination expands and diversifies our revenue base and end markets, and enables us to deliver a broader set of differentiated solutions to our customers. Syed Ali has built an outstanding company, and I’m excited that he is joining the Board. I’m equally excited that Cavium’s Co-founder Raghib Hussain and Vice President of IC Engineering Anil Jain will also join my senior leadership team. Together, we all will be able to deliver immediate and longterm value to our customers, employees and shareholders.”

The companies expect at least $150 to $175 million of annual run-rate synergies within 18 months post close.

Tuesday, March 14, 2017

Marvell Unveils 802.1BR-compliant Prestera PX PIPE for Data Centres

Marvell, a major provider of storage, networking and connectivity semiconductor solutions, has introduced its new Prestera PX Passive Intelligent Port Extender (PIPE) family, designed to significantly reduce power consumption, complexity and cost in the data centre.

Marvell noted that data centres featuring 10 and 25 Gigabit Ethernet port speeds have faced challenges with regards to lowering opex and capex costs as bandwidth demand increases. The new purpose-built PIPE port extender solution from Marvell supports the IEEE 802.1BR standard and is designed to offer a new approach for the deployment of top of rack (ToR) switches that enables a claimed halving in both the power and cost compared with a traditional Ethernet switch.

PIPE technology allows data centres to be architected using a simplified, low cost and low power port extender in place of the ToR switch and shifts the heavy duty switching functionality upstream. The company noted that as the industry transitions from 10 to 25 Gigabit Ethernet and from 40 to 100 Gigabit Ethernet port speeds, data centres require a new, modular building block to bridge the range of current and next-generation port speeds.

Marvell’s PIPE family is designed to provide a flexible and scalable solution that can simplify and speed the transition to higher port speeds via support for multiple configuration options of Ethernet connectivity for a range of port speeds and densities.

Through the implementation of IEEE 802.1BR and removing the need for per-box management, Marvell aims to streamline network development and simplify centralised management of the hundreds of thousands of ports in a data centre. To facilitate the adoption of PIPE, it incorporates a programmable packet header editor that provides interoperability with a range of networking equipment. Marvell's PIPE solution also integrates fast-fail-over and resiliency functionality for high availability applications.

Marvell noted that it collaborated with leading ODMs and OEMs to deliver Prestera PX-ready platforms for ToR switch applications. Samples and reference designs for the Prestera PX family of solutions are available immediately.

In October 2016, Marvell introduced an optimised 25 Gigabit Ethernet end-to-end data centre solution designed as an alternative to 10 Gigabit Ethernet solutions and to provide more computing bandwidth and improved efficiency to help operators handle increasing data traffic volumes. The 25 Gigabit Ethernet solution integrates its IEEE 25/100 Gigabit Ethernet-compliant Prestera switches and Alaska Ethernet transceivers and targets ToR applications.

Marvel claims that the Prestera devices with integrated 25 Gbit/s PHYs enable data centres to breach the 1 W per-25 Gbit/s port barrier for 25 Gbit/s ToR applications.

Thursday, November 3, 2016

Marvell Cuts 900 Jobs in Restructuring

Marvell Technology Group announced restructuring actions intended to refocus its research and development (R&D), increase operational efficiency and improve profitability. The company will discontinue specific R&D programs, streamline engineering processes, and consolidate R&D sites.

The restructuring, which will eliminate approximately 900 positions worldwide by the end of October 2017, will lower annual operating expenses from a current annualized run rate of $1.08 billion to the $820-840 million range. In addition, Marvell said it plans to divest non-strategic businesses with approximately $60 million in operating expenses and $100 million in revenue, based on a first half of fiscal 2017 annualized run rate.

Matt Murphy, Marvell's President and Chief Executive Officer, explained, "The single biggest factor limiting the potential of the Cloud and utilization of billions of connected devices is the bandwidth of today's technology. By focusing on our strengths in storing, moving, and accessing data at high speeds, Marvell is well-positioned to enable the technology of tomorrow."

http://www.marvell.com/company/news/pressDetail.do?releaseID=8676

Monday, October 24, 2016

Marvell Unveils its 25GbE Data Center Solution

Marvell introduced its 25 Gigabit Ethernet (GbE) end-to-end data center solution comprised of its Prestera 98CX84xx family of 25G Ethernet (GbE) switches and Alaska C 88X5123 and 88X5113 Ethernet transceivers, all fully compliant with the IEEE 25GbE and 100GbE standards.

The new Prestera 98CX84xx switch family is designed specifically for mainstream data center high-performance server applications and addresses the most common top of rack (ToR) port configurations.  The Prestera devices are integrated with 25GbE PHYs, enabling data centers to break the 1W per 25G port barrier for 25G ToR applications.

Marvell's Prestera 98CX84xx switches also include an abstraction layer which integrates seamlessly with Open Computing Project (OCP) switch abstraction interface (SAI) application program interfaces (APIs). Marvell provides an OpenSwitch driver plug-in that facilitates easy integration with the OpenSwitch application stack.

The Alaska C 88X5123 Ethernet transceiver enables customers to support the new IEEE 25GbE specifications on their existing switch ASICs without the expensive investment involved in new silicon development.

The Alaska C 88X5113 Ethernet transceiver, a 40G Ethernet to 25G Ethernet Gearbox device, enables a 40GbE stream to be translated to a 25G Ethernet stream. This device is purpose-built to enable existing 40GbE-capable server NIC controllers to support native 25GbE, hastening the availability of 25GbE-capable NICs.

"I believe Marvell's 25GbE-optimized devices are a significant contribution to the industry, helping drive the adoption of 25GbE server access to meet increasing bandwidth demands in data centers," said Michael Zimmerman, vice president and general manager, Connectivity, Storage and Infrastructure (CSI) Business Unit at Marvell Semiconductor, Inc. "Our newest 25G Ethernet switch devices, PHY and Gearbox devices extend Marvell's leadership of providing best-in-class networking solutions optimized for high performance, cost effective, and energy-efficient computing."

http://www.marvell.com/

Sunday, June 5, 2016

Marvell Intros Campus Switch Silicon for 2.5 GbE

Marvell introduced its Prestera 98DX325x campus programmable switch optimized for 24- and 48-ports of 2.5 Gigabit Ethernet (GbE).

The switching silicon offers dedicated 10GbE and 40GbE uplinks and stacking ports. Key features:

  • 48 ports of 1GbE with four ports of 10GbE uplinks and two ports of 40GbE stacking for standard Enterprise and SMB/SME access deployments
  • Up to 24 ports of 2.5GbE with 10GbE and 40GbE uplink and stacking for large wireless campus deployments
  • Support for virtual bridging and routing and congestion management features enabling software-defined networking (SDN)/Network Function Virtualization (NFV) cloud-managed network deployments
  • Advanced virtual overlay networking offering support for NVGRE, VXLAN-GPE, NSH, GENEVE, Shortest Path Bridging (SPB), TRILL and GRE
  • Server virtualization compliant with IEEE 802.1Qbg EVB, 802.1BR Port Extender
  • IEEE 1588 1-step timing for precision timing applications

Sampling is underway.

“2.5GbE network ports are being widely deployed in campus environments. This is a prime time for a disruptive, cost-effective 2.5GbE access solution with 40GbE uplinks or stacking,” said Michael Zimmerman, Vice President and General Manager, Connectivity, Storage and Infrastructure (CSI) Business Unit at Marvell Semiconductor, Inc.

http://www.Marvell.com

See also