MARVELL


Associated tags: MRVL, Marvell Technology, Marvell, AI, Video game

Locations: UNITED STATES, NORTH AMERICA, LR, MU, PENNSYLVANIA, WAN, CALIFORNIA, MARVELL, WALLACE

Marvell Technology, Inc. Announces Conference Call to Review Second Quarter of Fiscal Year 2024 Financial Results

Retrieved on: 
Thursday, July 27, 2023

SANTA CLARA, Calif., July 27, 2023 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, today announced it will conduct a conference call following the release of its second quarter of fiscal year 2024 financial results on Thursday, August 24, 2023, at 1:45 p.m. Pacific Time.

Key Points: 
  • SANTA CLARA, Calif., July 27, 2023 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, today announced it will conduct a conference call following the release of its second quarter of fiscal year 2024 financial results on Thursday, August 24, 2023, at 1:45 p.m. Pacific Time.
  • Interested parties may join the conference call by dialing 1-888-317-6003 or 1-412-317-6061, passcode 5249006.
  • The call will be webcast and can be accessed at the Marvell Investor Relations website at http://investor.marvell.com/ .
  • A replay of the call can be accessed by dialing 1-877-344-7529 or 1-412-317-0088, passcode 4647884 until Thursday, August 31, 2023.

Marvell Technology, Inc. Declares Quarterly Dividend Payment

Retrieved on: 
Friday, June 16, 2023

SANTA CLARA, Calif., June 16, 2023 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), today announced a quarterly dividend of $0.06 per share of common stock payable on July 26, 2023 to shareholders of record as of July 7, 2023.

Key Points: 

SANTA CLARA, Calif., June 16, 2023 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), today announced a quarterly dividend of $0.06 per share of common stock payable on July 26, 2023 to shareholders of record as of July 7, 2023.

Marvell Delivers Industry's Highest Capacity Central Automotive Ethernet Switches for In-Vehicle Networks

Retrieved on: 
Thursday, June 8, 2023

(NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced the Brightlane Q622x family of central Automotive Ethernet switches, the highest capacity switches in a new, emerging category of devices for enabling computing architectures to improve safety and deliver software-defined services for the next generation of vehicles.

Key Points: 
  • (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced the Brightlane Q622x family of central Automotive Ethernet switches, the highest capacity switches in a new, emerging category of devices for enabling computing architectures to improve safety and deliver software-defined services for the next generation of vehicles.
  • Central Automotive Ethernet switches are high-bandwidth, high-performance devices optimized to coordinate data traffic between zonal switches, which aggregate traffic from devices located within a physical zone of a car like processors, sensors, actuators, storage systems and others.
  • Optimized for the most advanced automotive architectures, the Brightlane Q6223 switch delivers 90 Gbps of bandwidth, nearly 2x the capacity of currently available automotive switches.
  • Marvell is collaborating with over 40 OEMs, including design wins with eight of the 10 largest, on a variety of Automotive Ethernet solutions.

Marvell Technology, Inc. Reports First Quarter of Fiscal Year 2024 Financial Results

Retrieved on: 
Thursday, May 25, 2023

Non-GAAP net income for the first quarter of fiscal 2024 was $264 million, or $0.31 per diluted share.

Key Points: 
  • Non-GAAP net income for the first quarter of fiscal 2024 was $264 million, or $0.31 per diluted share.
  • "We delivered first quarter fiscal 2024 revenue of $1.322 billion, above the midpoint of guidance, and are forecasting sequential revenue growth in the second quarter.
  • Marvell will conduct a conference call on Thursday, May 25, 2023 at 1:45 p.m. Pacific Time to discuss results for the first quarter of fiscal 2024.
  • For the first quarter of fiscal 2024, a non-GAAP tax rate of 7.0% has been applied to the non-GAAP financial results.

Marvell Announces Changes to its Board of Directors

Retrieved on: 
Wednesday, May 3, 2023

Hill will be retiring from the Board at the end of his current term to focus on philanthropic activity in Latin America.

Key Points: 
  • Hill will be retiring from the Board at the end of his current term to focus on philanthropic activity in Latin America.
  • The Board has also appointed Michael Strachan, a Marvell Director since 2016, to become Lead Independent Director.
  • On behalf of Marvell's Board of Directors and leadership team, I would like to thank Ed for his dedicated service," said Murphy.
  • In addition to Murphy and Strachan, the Board of Directors has nominated for reelection as Directors at the Annual Meeting of Stockholders Sara Andrews, Tudor Brown, Brad Buss, Rebecca House, Marachel Knight, Robert Switz, and Ford Tamer.

Marvell Technology, Inc. Announces Conference Call to Review First Quarter of Fiscal Year 2024 Financial Results

Retrieved on: 
Monday, May 1, 2023

SANTA CLARA, Calif., May 1, 2023 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, today announced it will conduct a conference call following the release of its first quarter of fiscal year 2024 financial results on Thursday, May 25, 2023, at 1:45 p.m. Pacific Time.

Key Points: 
  • SANTA CLARA, Calif., May 1, 2023 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, today announced it will conduct a conference call following the release of its first quarter of fiscal year 2024 financial results on Thursday, May 25, 2023, at 1:45 p.m. Pacific Time.
  • Interested parties may join the conference call by dialing 1-888-317-6003 or 1-412-317-6061, passcode 1510543.
  • The call will be webcast and can be accessed at the Marvell Investor Relations website at http://investor.marvell.com/ .
  • A replay of the call can be accessed by dialing 1-877-344-7529 or 1-412-317-0088, passcode 7997301 until Thursday, June 1, 2023.

Marvell Demonstrates Industry's First 3nm Data Infrastructure Silicon

Retrieved on: 
Wednesday, April 19, 2023

The new building blocks are part of Marvell's continued execution of its strategy to develop a comprehensive silicon IP portfolio for designing chips that will radically increase the bandwidth, performance, and energy efficiency of next-generation data infrastructure.

Key Points: 
  • The new building blocks are part of Marvell's continued execution of its strategy to develop a comprehensive silicon IP portfolio for designing chips that will radically increase the bandwidth, performance, and energy efficiency of next-generation data infrastructure.
  • Marvell was also the first data infrastructure silicon supplier to respectively sample and commercially release the industry-leading 112G SerDes and has been a leader in data infrastructure products based on TSMC's 5nm process.
  • SerDes and parallel interconnects serve as high-speed pathways for exchanging data between chips or silicon components inside chiplets.
  • "We congratulate Marvell on the achievement of this important silicon development milestone in the industry's cutting-edge 3nm process technology," said Joachim Peerlings, general manager of Keysight's Communications Solutions Group.

Marvell Technology, Inc. Declares Quarterly Dividend Payment

Retrieved on: 
Wednesday, March 15, 2023

SANTA CLARA, Calif., March 15, 2023 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), today announced a quarterly dividend of $0.06 per share of common stock payable on April 26, 2023 to shareholders of record as of April 7, 2023.

Key Points: 

SANTA CLARA, Calif., March 15, 2023 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), today announced a quarterly dividend of $0.06 per share of common stock payable on April 26, 2023 to shareholders of record as of April 7, 2023.

Biotech Sector Working Fast to Combat Alzheimer's Disease Cases That are Set to Explode

Retrieved on: 
Wednesday, March 15, 2023

VANCOUVER, B.C., March 15, 2023 /PRNewswire/ -- March 15, 2023 - USA News Group - According to a 2022 study of more than 6 million patients 65 and older, the risk factor for developing Alzheimer's disease increases by 50-80% in older adults who caught COVID-19. With Statista stating nearly 11.5 million COVID-19 cases of people over 65 years old as of November 23, 2022, and the Alzheimer's Association forecasting global dementia cases to triple by 2050, society is about to get hit with a tsunami of this devastating disease. Thankfully the biotech sector is working diligently to try and combat this coming onslaught of Alzheimer's and dementia, through new diagnostic methods and treatments, including work from companies such as Marvel Biosciences Corp. (TSXV:MRVL), Biogen Inc. (NASDAQ:BIIB), Prothena Corporation plc (NASDAQ:PRTA), Intra-Cellular Therapies (NASDAQ:ITCI), and Roche Holding AG (OTC:RHHBY).

Key Points: 
  • In the case of Marvel Biosciences Corp. (TSXV:MRVL), the biotech company is moving forward with its lead asset MB-204 in targeting Alzheimer's and depression .
  • MB-204 is a novel fluorinated derivative of Istradefylline, the only clinically approved adenosine A2a receptor antagonist used for the treatment of Parkinson's disease.
  • Caffeine consumption has been associated with a reduced risk for developing Parkinson's disease, Alzheimer's disease and improving mood and concentration.
  • MB-204 will be highly disruptive to the existing market and, we believe, will be a welcomed therapy for patients who suffer from Alzheimer's Disease and Depression.

Media Alert: Marvell to Present Evolution of Cloud Data Center Connectivity at Webinar Hosted by BofA Securities

Retrieved on: 
Tuesday, March 14, 2023

SANTA CLARA, Calif., March 14, 2023 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced the details of its participation in a webinar hosted by BofA Securities to discuss current and emerging data center connectivity technologies and the impact they will have on the cloud.

Key Points: 
  • SANTA CLARA, Calif., March 14, 2023 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced the details of its participation in a webinar hosted by BofA Securities to discuss current and emerging data center connectivity technologies and the impact they will have on the cloud.
  • When: Wednesday, March 22 at 8 a.m. Pacific time/11 a.m. Eastern time
    Technologies for connecting systems inside and between data centers are evolving as cloud service providers seek new ways to scale bandwidth efficiently, economically, and rapidly.
  • This webinar will discuss current and emerging technologies and the impact they will have on the cloud.
  • Loi Nguyen - Executive Vice President, Optical and Copper Connectivity Group, Marvell
    Achyut Shah - Senior Vice President, PHY Business Unit, Marvell