Trade Marvell Technology Group Ltd. - MRVL CFD

Marvell Company profile

Delaware-based technology company Marvell Technology produces semiconductors and related technology. Its mission statement states Essentially Technology, Done Right’. The company’s product portfolio spans networking, storage and computing, it also provides customised application-specific integrated circuits (ASIC) and government solutions.

Marvell was founded in 1997 by Dr Sehat Sutardja, his wife Weilj Dai and brother, Pantas Sutardja. It went public in 2000, toward the end of the dot-com bubble, and raised $90m by pricing its 6 million shares at $15 each.

The Silicon Valley chip maker aims to “deliver the data infrastructure technology that connects the world”. To this end, Marvell has made some significant acquisitions.

Until 2017, the company was mostly known for its supply of chips for hard disk drives used in personal computers. In 2018, it acquired Cavium, a fabless semiconductor company specialising in ARM and MIPS-based network, video and security processors and SoCs, which enabled Marvell to enhance its operations in the networking market.

By April 2021, in an attempt to extend its 5G network infrastructure and boost its data centre capabilities, Marvell acquired Inphi Corporation. The latter had been invested in making high-speed data movement systems and had a strong presence among cloud customers.

On 10 May 2022, Marvell announced it was entering into a definitive agreement to acquire the privately-held start-up, Tanzanite Silicon Solutions, which holds expertise in Compute Express Link (CXL) technology. With the acquisition to be completed by the second quarter of fiscal 2023, the buyout would be facilitated in an all-cash transaction.