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August 28, 2020

Matt Murphy Talks Marvell’s Market Traction on CNBC’s Squawk Alley

By Stacey Keegan, Vice President, Corporate Marketing, Marvell

Marvell President and CEO, Matt Murphy, discussed Marvell’s second quarter Earnings beat this morning with the CNBC Squawk Alley team. 

Marvell’s growth is being driven by our success in our key data infrastructure end markets. Particularly, in looking at 5G wireless infrastructure we have seen 4 consecutive quarters of sequential growth. Right now, this is particularly pronounced in China, where 5G is being rolled out. But with other countries working on rollout plans, and 4 of the top 5 base station vendors as Marvell customers, the growth from 5G is just beginning.

Marvell also has a large and growing data center business, with both enterprise on-prem datacenters and now the cloud. We announced last quarter that cloud is now over 10% of our revenue and growing fast. And the reason we are seeing strong growth is that we are producing the key storage and security products for cloud. This includes chips for huge multi-terabyte hard drives, where all cloud data is stored. It also includes our networking products, which doubled year-over-year. And finally, growth in this area includes Marvell’s custom products that came to us through a recent acquisition. This is how several of the larger datacenter operators like to buy chips. Where we build exactly what they want. 

Watch the full interview here.

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