View source for Company:Marvell Technology

{{short description|American semiconductor company}}
{{Infobox company
| name = Marvell Technology, Inc.
|image = Marvell Santa Clara May 2011.jpg
| logo = Marvell_Logo.svg
| type = [[Finance:Public company|Public]]
| traded_as = {{ubl|{{NASDAQ|MRVL}}|Nasdaq-100 component}}
| ISIN = {{ISIN|sl=n|pl=y|US5738741041}}
| founders = {{unbulleted list|Sehat Sutardja|[[Biography:Weili Dai|Weili Dai]]|Pantas Sutardja}}
| hq_location = Wilmington, Delaware, U.S.
| key_people = {{Unbulleted list
  |Richard S. Hill, (Chairman)
  |Matthew Murphy (President and CEO)
  |Jean X. Hu (CFO)
  }}
| industry = [[Physics:Semiconductor|Semiconductor]]s
| products = {{hlist|[[Physics:Semiconductor device|Semiconductor device]]| [[Engineering:Application-specific integrated circuit|application-specific integrated circuit]]| [[Engineering:Integrated circuit|integrated circuit]]| [[Central processing unit|central processing unit]]| [[Data processing unit|data processing unit]]}}
| revenue = {{increase}} {{US$|5.92 billion|link=yes}} (2023)
| operating_income = {{increase}} US$238 million (2023)
| net_income = {{increase}} US$−164 million (2023)
| assets = {{increase}} US$22.52 billion (2023)
| equity = {{decrease}} US$15.63 billion (2023)
| num_employees = 7,448 (2023)
| owner =
| website = {{URL|marvell.com}}
| founded = {{Start date and age|1995}}
| footnotes = Financials {{asof|2023|1|28|lc=y|df=US}}.<ref name="10K">{{cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1835632/000183563223000013/mrvl-20230128.htm |title=Marvell FY2023 Fiscal Year Form 10-K |publisher=U.S. Securities and Exchange Commission |date=9 March 2023}}</ref>
}}

'''Marvell Technology, Inc.''' is an American company, headquartered in Wilmington, Delaware, which develops and produces [[Physics:Semiconductor|semiconductor]]s and related technology. Founded in 1995, the company had more than 7,000 employees as of 2023, with over 10,000 patents worldwide, and an annual revenue of $5.9&nbsp;billion for [[Physics:Fiscal year|fiscal]] 2023.<ref name="10K" /><ref name=":1" />

==History==
Marvell was founded in 1995 by Dr. Sehat Sutardja, his wife [[Biography:Weili Dai|Weili Dai]], and his brother Pantas Sutardja.<ref name="spectrum">{{Cite web |last=Perry |first=Tekla S. |date=October 29, 2010 |title=Sehat Sutardja: An Engineering Marvell |url=https://spectrum.ieee.org/sehat-sutardja-an-engineering-marvell |work=IEEE Spectrum}}</ref><ref name=":1">{{Cite web |title=Marvell Technology {{!}} MRVL Stock Price, Company Overview & News |url=https://www.forbes.com/companies/marvell-technology/ |access-date=2023-08-16 |website=Forbes |language=en}}</ref> They worked on designing a [[Engineering:CMOS|CMOS]]-based read channel for disk drives as their first product. [[Company:Seagate Technology|Seagate Technology]] became their first customer.<ref name="spectrum" /> The [[Finance:Initial public offering|initial public offering]] on June 27, 2000 (near the end of the [[Dot-com bubble|dot-com bubble]]) raised $90 million.<ref>{{Cite news |url=https://money.cnn.com/2000/06/27/deals/marvell/index.htm |title=Marvell rises 278% in debut |date=June 27, 2000 |website=CNN Money}}</ref>

In April 2016, CEO Sehat Sutardja and President Weili Dai were ousted from their posts after activist investor Starboard Value fund took a roughly 7 percent stake in the company.<ref>{{cite web |url=https://www.mercurynews.com/2016/04/05/marvell-ousts-silicon-valley-power-couple-from-top-posts/ |title=Marvell ousts Silicon Valley power couple from top posts|last=Carey|first=Pete |publisher=The Mercury News |date=April 5, 2016 |access-date=April 20, 2020 |archive-url=https://web.archive.org/web/20180619040235/https://www.mercurynews.com/2016/04/05/marvell-ousts-silicon-valley-power-couple-from-top-posts/ |archive-date=June 19, 2018}}</ref>

In July 2016, Marvell appointed Matt Murphy as its new President and CEO.<ref>{{Cite web|url=https://www.marvell.com/company/leadership/matt-murphy.jsp|title=Company - Leadership - Matt Murphy - Marvell|website=www.marvell.com|access-date=2019-10-22}}</ref>[[File:Park Azorim 023.jpg|thumb|200px|right|Marvell's development center in Petah Tikva, Israel ]]

On July 6, 2018, Marvell completed its acquisition of [[Company:Cavium|Cavium, Inc.]]<ref>{{Cite press release|url=https://www.prnewswire.com/news-releases/marvell-technology-completes-acquisition-of-cavium-300676912.html|title=Marvell Technology Completes Acquisition of Cavium|last=Ltd|first=Marvell Technology Group|website=www.prnewswire.com|language=en|access-date=2019-10-22}}</ref> On the same day, it announced the appointment of Syed Ali (co-founder of Cavium, Inc., and previously the company's president and CEO), Brad Buss (director of Cavium, Inc.) and Edward Frank (director of Cavium, Inc.) to the Marvell Board of Directors.<ref>{{Cite press release|url=https://www.prnewswire.com/news-releases/marvell-technology-completes-acquisition-of-cavium-300676912.html|title=Marvell Technology Completes Acquisition of Cavium|website=www.marvell.com|language=en|access-date=2019-10-22}}</ref>

In September 2019, Marvell completed the acquisition of Aquantia Corp.<ref>{{Cite press release|url=https://www.prnewswire.com/news-releases/marvell-completes-acquisition-of-aquantia-300921682.html|title=Marvell Completes Acquisition of Aquantia|last=Marvell|website=www.prnewswire.com|language=en|access-date=2019-10-22}}</ref>

In April 2021, Marvell completed the acquisition of Inphi Corporation. As part of the acquisition, Marvell reorganized so that the combined company is domiciled in Wilmington, Delaware.<ref name="Inphi acquisition"/>

In September 2023, Marvell Technologies acquired an expansion deal in Pune, India.<ref>{{Cite web |date=2023-09-04 |title=Marvell Tech reveals India expansion plans signaling confidence in the market |url=https://www.digitimes.com/news/a20230904VL203/marvell-technology-india-interview.html |access-date=2023-09-05 |website=DIGITIMES |language=en}}</ref>

==Acquisitions==
Through the years, Marvell acquired smaller companies to enter new markets. 
{| class="wikitable"
|'''Date'''
|'''Acquired company'''
|'''Expertise'''
|'''Cost'''
|-
|October 2000
|Galileo Technology
|Ethernet switches, system controllers
|$2700M in stock<ref>{{cite web |url=http://www.eetimes.com/electronics-news/4113479/Marvell-to-acquire-LAN-chip-supplier-Galileo-for-2-7-billion-in-stock |title=Marvell to acquire LAN-chip supplier Galileo for $2.7 billion in stock |publisher=eetimes |date=2000-10-17 |access-date=2011-06-12 }} {{verify source |date=September 2019 |reason=This ref was deleted Special:Diff/901297561 by a bug in VisualEditor and later restored by a bot from the original cite located at Special:Permalink/887236684 cite #10 - verify the cite is accurate and delete this template. User:GreenC bot/Job 18}}</ref>
|-
|June 2002
|SysKonnect
|PC networking<ref>{{cite web |url=http://www.convergedigest.com/silicon/siliconarticle.asp?ID=4140 |title=Marvell Acquires SysKonnect GmbH for 10 Gbps Client-side Silicon |publisher=convergedigest.com |date=2002-06-21 |access-date=2011-06-12 |url-status=dead |archive-url=https://web.archive.org/web/20110927175227/http://www.convergedigest.com/silicon/siliconarticle.asp?ID=4140 |archive-date=2011-09-27 }} </ref>
|
|-
|February 2003
|Radlan
|Embedded networking software
|$49.7M<ref>{{cite web |url=http://www.edn.com/article/481814-Marvell_Acquires_Radlan.php |title=Marvell Acquires Radlan |publisher=edn.com |date=2003-02-06 |access-date=2011-06-12 |url-status=dead |archive-url=https://archive.today/20130121210913/http://www.edn.com/article/481814-Marvell_Acquires_Radlan.php |archive-date=2013-01-21 }} </ref>
|-
|August 2005
|Hard disk controller division of Qlogic
|Hard disk & tape drive controllers
|$180M in cash + $45M in stock<ref>{{cite web |url=http://investor.marvell.com/phoenix.zhtml?c=120802&p=irol-newsArticle&ID=750269&highlight= |title=Marvell to Acquire the Hard Disk Drive Controller Business of QLogic |publisher=Marvell |date=2005-08-29 |access-date=2011-06-12 |archive-url=https://web.archive.org/web/20160116031412/http://investor.marvell.com/phoenix.zhtml?c=120802&p=irol-newsArticle&ID=750269&highlight= |archive-date=2016-01-16 |url-status=dead }} {{verify source |date=September 2019 |reason=This ref was deleted Special:Diff/901297561 by a bug in VisualEditor and later restored by a bot from the original cite located at Special:Permalink/887236684 cite #13 - verify the cite is accurate and delete this template. User:GreenC bot/Job 18}}</ref>
|-
|December 2005
|SOC division of UTStarcom
|Wireless communications (3G)
|$24M in cash<ref>{{cite web |url=http://evertiq.com/news/2582 |title=Marvell acquires UTStarcom's SoC Division |publisher=evertiq.com |date=2005-12-23 |access-date=2011-06-12}} </ref>
|-
|February 2006
|Printer ASIC business of Avago
|Printer ASICs
|$240M in cash<ref>{{cite web |url=http://www.insidechips.com/public/6641print.cfm |title=Marvell Acquires Avago's Printer ASICs Business |publisher=insidchips.com |date=December 2005 |access-date=2011-06-12 |url-status=dead |archive-url=https://web.archive.org/web/20111006032908/http://www.insidechips.com/public/6641print.cfm |archive-date=2011-10-06 }} </ref><ref>{{cite web |url=http://www.dealipedia.com/deal_view_acquisition.php?r=1763 |title=Marvell Technology Group acquires Avago for $240 million |publisher=dealipedia.com |date=2006-02-20 |access-date=2011-06-12}} {{verify source |date=September 2019 |reason=This ref was deleted Special:Diff/901297561 by a bug in VisualEditor and later restored by a bot from the original cite located at Special:Permalink/887236684 cite #16 - verify the cite is accurate and delete this template. User:GreenC bot/Job 18} |-
|July 2006
|XScale product line from [[Company:Intel|Intel]]
|Communications processors and SOCs
|$600M in cash<ref>{{cite web|url=http://www.eet.com/news/latest/showArticle.jhtml?articleID=189601851 |title=Marvell buys Intel's handheld processor unit for $600 million |publisher=Eet.com |date=2006-06-27 |access-date=2011-06-12}} </ref>
|-
|January 2008
|PicoMobile Networks
|Communication software for IWLAN and IMS<ref>{{cite web |url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=53477514 |archive-url=https://web.archive.org/web/20121013190500/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=53477514 |url-status=dead |archive-date=October 13, 2012 |title=PicoMobile Networks, Inc. |publisher=businessweek.com |date=January 2008 |access-date=2011-06-12 }} {{verify source |date=September 2019 |reason=This ref was deleted Special:Diff/901297561 by a bug in VisualEditor and later restored by a bot from the original cite located at Special:Permalink/887236684 cite #18 - verify the cite is accurate and delete this template. User:GreenC bot/Job 18}}</ref>
|
|-
|August 2010
|Diseño de Sistemas en Silicio S.A. ("DS2")
|Spanish company, [[Power-line communication|PLC]] communication ICs<ref>{{Cite news |url= http://investor.marvell.com/phoenix.zhtml?c=120802&p=irol-newsArticle&ID=1461502 |title=Marvell Acquires DS2 Technology |work= News release |publisher= Marvell |date= August 19, 2010 |access-date= August 24, 2013 }} {{verify source |date=September 2019 |reason=This ref was deleted Special:Diff/901297561 by a bug in VisualEditor and later restored by a bot from the original cite located at Special:Permalink/887236684 cite #19 - verify the cite is accurate and delete this template. User:GreenC bot/Job 18}}</ref>
|
|-
|January 2012
|[[Company:Xelerated|Xelerated]]
|
|-
|July 6, 2018
|[[Company:Cavium|Cavium]]
|ARM Processors
|$6B in cash & stock<ref>{{cite news|last1=PALLADINO|first1=Valentina|title=Marvell Technology to buy chipmaker Cavium for about $6 billion|url=https://arstechnica.com/information-technology/2017/11/marvell-technology-strikes-deal-to-buy-chipmaker-cavium-for-6-billion/|access-date=20 November 2017|publisher=Ars Technica|date=20 November 2017}} {{verify source |date=September 2019 |reason=This ref was deleted Special:Diff/901297561 by a bug in VisualEditor and later restored by a bot from the original cite located at Special:Permalink/887236684 cite #22 - verify the cite is accurate and delete this template. User:GreenC bot/Job 18}}</ref>
|-
|May 2019
|Avera Semi
|ASICs
|$650 million in cash<ref name=":0">{{Cite web|last=Shilov|first=Anton|title=Marvell to Acquire Avera Semiconductor from GlobalFoundries|url=https://www.anandtech.com/show/14367/marvell-acquires-avera-semiconductor-from-globalfoundries|access-date=2021-05-30|website=www.anandtech.com}}</ref>
|-
|September 2019
|[[Company:Aquantia Corporation|Aquantia Corporation]]
|ASICs Mutli-Gig Ethernet
|$450 million in cash
|-
|April 2021
|Inphi Corporation
|Mixed-signal integrated circuit
|$8.2 billion<ref name="Inphi acquisition">{{Cite news|title=Marvell to Buy Inphi for $8.2 Billion to Grow in Cloud, 5G|url=https://www.bloomberg.com/news/articles/2020-10-29/marvell-to-buy-inphi-for-8-2-billion-to-expand-in-cloud-5g|access-date=2021-04-21|newspaper=Bloomberg.com|date=29 October 2020 }}</ref>
|-
|October 2021
|Innovium
|Data center network switches
|$1.1 billion<ref>{{cite news |url=https://www.reuters.com/technology/marvell-tech-acquire-innovium-11-bln-it-courts-more-cloud-customers-2021-08-03/ |title=Marvell Tech to acquire Innovium for $1.1 bln as it courts more cloud customers |date=3 August 2021 |work={{wipe|Reuters}} |first=Stephen |last=Nellis}}</ref>
|}
<br />
==Products==
[[File:Marvell Yukon Gigabit Ethernet Controller.jpg|thumb|right|Marvell Yukon [[Gigabit Ethernet|Gigabit Ethernet]] controller in a Sony Vaio FW series laptop]]

=== Compute ===

==== Data Processing Unit ====
Marvell OCTEON and ARMADA [[Data processing unit|DPUs]] which integrate a [[Central processing unit|CPU]], [[Engineering:Network interface controller|network interfaces]] and programmable data [[Hardware acceleration|acceleration engines]] on a specialized [[Physics:Electronic circuit|electronic circuit]].<ref>{{Cite web|title=Data Processing Units (DPUs) {{!}} Empowering Carrier, Enterprise and Cloud Data Services - Marvell|url=https://www.marvell.com/products/data-processing-units.html|access-date=2021-05-29|website=www.marvell.com}}</ref>

==== Custom ====
Marvell also offered Customer Specific Standard Product (CSSP), where customer accelerators and interefaces could be integrated directly into Marvell's Octeon processors. Following Marvell's 2019 acquisition of Avera Semiconductor (formerly the custom ASIC division of [[Company:GlobalFoundries|GlobalFoundries]] and prior to that of [[Company:IBM|IBM]]), Marvell offers custom ASIC tailored to clients' specific design goals.<ref name=":0" /><ref>{{Cite web|last=Frumusanu|first=Andrei|title=Marvell Unveils its Comprehensive Custom ASIC Offering|url=https://www.anandtech.com/show/15931/marvell-unveils-its-comprehensive-custom-asic-offering|access-date=2021-05-29|website=www.anandtech.com}}</ref> And it provides services for ASICs [[Engineering:Integrated circuit design|development]] to the [[Earth:Aerospace|Aerospace]] and Defense industries through its independent subsidiary Marvell Government Solutions (MGS).<ref>{{Cite web|title=Marvell Government Solutions {{!}} Delivering CUI, ITAR and Trusted Custom ASIC End-to-End Solutions - Marvell|url=https://www.marvell.com/products/custom-asic/marvell-government-solutions.html|access-date=2021-05-30|website=www.marvell.com}}</ref> In a joint venture with [[Company:TSMC|TSMC]], Marvell introduced a [[Engineering:3 nm process|3nm]] product.<ref>{{cite web | url=https://www.newelectronics.co.uk/content/news/marvell-unveils-3nm-data-infrastructure-ip-portfolio/ | title=New Electronics - Marvell unveils 3nm data infrastructure IP portfolio | date=21 October 2022 }}</ref>

=====Infrastructure Processors=====
On November 12, 2019, Marvell announced that their [[Company:Cavium#ThunderX2 SoCs|ThunderX2 SoCs]] have been deployed on [[Software:Microsoft Azure|Microsoft Azure]].<ref>{{Cite web|title=Company - Newsroom - Marvell's ThunderX2 Solution Now Deployed for Microsoft Azure Development - Marvell|url=https://www.marvell.com/company/news/pressDetail.do?releaseID=11517|access-date=2019-11-17|website=www.marvell.com}}</ref> On March 2, 2020, Marvell announced OCTEON Fusion and OCTEON TX2 5G infrastructure processors, as well as deals to provide processors for [[5G|5G]] Infrastructure for [[Company:Huawei|Huawei]], [[Company:Nokia|Nokia]], [[Company:Ericsson|Ericsson]], [[Company:ZTE|ZTE]], and [[Company:Samsung|Samsung]].<ref>{{Cite web|last=Frumusanu|first=Andrei|title=Marvell Announces OCTEON Fusion and OCTEON TX2 5G Infrastructure Processors|url=https://www.anandtech.com/show/15572/marvell-announces-octeon-fusion-and-octeon-tx2-5g-infrastructure-processors|access-date=2020-03-20|website=www.anandtech.com}}</ref> On March 16, 2020, Marvell announced [[Company:Cavium#ThunderX3 SoCs|ThunderX3]] and their plan for ThunderX4 in 2022.<ref>{{Cite web|last=Frumusanu|first=Andrei|title=Marvell Announces ThunderX3: 96 Cores & 384 Thread 3rd Gen Arm Server Processor|url=https://www.anandtech.com/show/15621/marvell-announces-thunderx3-96-cores-384-thread-3rd-gen-arm-server-processor|access-date=2020-03-20|website=www.anandtech.com}}</ref> On August 28, 2020, Marvell announced plan to refocus their ThunderX Server Teams to their Custom Silicon Business.<ref>{{Cite web|last=Frumusanu|first=Andrei|title=Marvell Refocuses Thunder Server Platforms Towards Custom Silicon Business|url=https://www.anandtech.com/show/16049/marvell-refocuses-thunder-server-platforms-towards-custom-silicon-business|access-date=2021-05-30|website=www.anandtech.com}}</ref>

==== Security Solutions ====
Marvell's security-related products include their LiquidSecurity HSM Adapters and NITROX Cryptographic Offload Engines.<ref>{{Cite web|title=Security Solutions {{!}} Protecting Cloud and Enterprise Data - Marvell|url=https://www.marvell.com/products/security-solutions.html|access-date=2021-05-30|website=www.marvell.com}}</ref>

=== Networking and Storage ===
Marvell's networking products include their FastLinQ Ethernet network adapters and controllers, Ethernet Switches, Ethernet PHYs and {{wipe|Automotive industry}} Ethernet.<ref>{{Cite web|title=Ethernet Network Adapters and Controllers {{!}} Boosting Server and Edge Connectivity - Marvell|url=https://www.marvell.com/products/ethernet-adapters-and-controllers.html|access-date=2021-05-29|website=www.marvell.com}}</ref><ref>{{Cite web|title=Switching technology I Powering the next generation of borderless and secure networks - Marvell|url=https://www.marvell.com/products/switching.html|access-date=2021-05-29|website=www.marvell.com}}</ref><ref>{{Cite web|title=Ethernet PHY Transceivers {{!}} Connecting Infrastructure with Broadest Ethernet PHY Portfolio - Marvell|url=https://www.marvell.com/products/ethernet-phys.html|access-date=2021-05-29|website=www.marvell.com}}</ref><ref>{{Cite web|title=Automotive {{!}} Advancing the Future of Intelligent Driving - Marvell|url=https://www.marvell.com/products/automotive.html|access-date=2021-05-29|website=www.marvell.com}}</ref>

Marvell's products include SSD Controllers, HDD Controllers, HDD Preamplifiers, Storage Accelerators, and QLogic Fibre Channel Adapters and Controllers.<ref>{{Cite web|title=SSD Controllers {{!}} Unleashing High-Performance Edge to Cloud Data Storage - Marvell|url=https://www.marvell.com/products/ssd-controllers.html|access-date=2021-05-30|website=www.marvell.com}}</ref><ref>{{Cite web|title=HDD Solutions {{!}} Delivering High-Capacity Cloud and Edge Data Storage - Marvell|url=https://www.marvell.com/products/hdd.html|access-date=2021-05-30|website=www.marvell.com}}</ref><ref>{{Cite web|title=Storage Accelerators {{!}} Accelerating Edge to Cloud Workloads with Innovative Controller Solutions - Marvell|url=https://www.marvell.com/products/system-solutions.html|access-date=2021-05-30|website=www.marvell.com}}</ref><ref>{{Cite web|title=Fibre Channel Adapters and Controllers {{!}} Scaling Storage with Trusted High-Performance Connectivity - Marvell|url=https://www.marvell.com/products/fibre-channel-adapters-and-controllers.html|access-date=2021-05-30|website=www.marvell.com}}</ref> On May 27, 2021, Marvell announced its first [[Engineering:NVM Express|NVM Express]] SSD controllers to support [[Engineering:PCI Express#PCI Express 5.0|PCI Express 5.0]].<ref>{{Cite web|last=Tallis|first=Billy|title=Marvell Announces First PCIe 5.0 NVMe SSD Controllers: Up To 14 GB/s|url=https://www.anandtech.com/show/16703/marvell-announces-first-pcie-50-nvme-ssd-controllers|access-date=2021-05-30|website=www.anandtech.com}}</ref>

===Other products===
Marvell supplied the [[Wi-Fi]] chip for the [[Engineering:IPhone (1st generation)|original (first-generation) Apple iPhone]].<ref>{{cite web |title=iPhone 1st Gen Teardown |date=29 June 2007 |url=http://www.ifixit.com/Teardown/iPhone-1st-Generation-Teardown/599/4 |access-date=2011-03-28}}</ref> Marvell Mobile Hotspot (MMH) is an in-car Wi-Fi connectivity. The 2010 [[Engineering:Audi A8|Audi A8]] was the first automobile in the market to feature a factory-installed MMH.<ref>{{cite news|last=Wilson|first=Richard|title=Marvell chip turns Audi A8 into Wi-Fi hotspot|url=http://www.electronicsweekly.com/Articles/10/08/2010/49242/marvell-chip-turns-audi-a8-into-wi-fi-hotspot.htm|newspaper=ElectronicsWeekly.com|date= August 10, 2010}}</ref>

Google's [[Engineering:Chromecast|Chromecast]] products are powered by Marvell SoCs. Namely the Marvell ARMADA 1500 Mini SoC (88DE3005) for the Chromecast 1st gen and Marvell ARMADA 1500 Mini Plus SoC (88DE3006) for the Chromecast 2nd gen & Chromecast audio.<ref>[http://www.anandtech.com/show/9688/googles-chromecast-2-is-powered-by-marvells-armada-1500-mini-plus-dual-cortexa7 Google’s Chromecast 2 is Powered By Marvell’s ARMADA 1500 Mini Plus - Dual-Core Cortex-A7]. www.anandtech.com. Retrieved on 2016-01-05.</ref>
[[Company:Synaptics|Synaptics]] acquired Marvell Multimedia Solutions on 2017-06-12 <ref>{{cite web |url=https://www.synaptics.com/company/news/conexant-marvell |title=Press Release &#124; Synaptics Accelerates Consumer IoT Strategy with Acquisitions of Conexant Systems, LLC and the Multimedia Solutions Business of Marvell Technology Group &#124; Synaptics |website=www.synaptics.com |access-date=2018-03-22}}</ref> ARMADA 1500 SoC's are now produced under different names <ref>{{cite web |url=https://wikidevi.com/wiki/Google_Chromecast_Ultra_(NC2-6A5-D) |title=Google Chromecast Ultra (NC2-6A5-D) |website=wikidevi.com |access-date=2018-03-22 |url-status=dead |archive-url=https://web.archive.org/web/20180129232254/https://wikidevi.com/wiki/Google_Chromecast_Ultra_(NC2-6A5-D) |archive-date=2018-01-29}}</ref>

==Controversy ==

===Stock options===
In 2006, the US Securities and Exchange Commission (SEC) started an inquiry into the company's stock option grant practices.<ref>{{cite web |title= Form 8-K  |author= Marvell Technology Group Limited |publisher= Securities and Exchange Commission |date= July 3, 2006 |url= https://www.sec.gov/Archives/edgar/data/1058057/000110465906045185/a06-14876_18k.htm |access-date= August 24, 2013 }}</ref>
An investigation determined "grant dates were chosen with the benefit of hindsight" to make the options more valuable.<ref name="backed">{{cite web |title= Marvell Completes Independent Review of Stock Option Practices |publisher= Securities and Exchange Commission |date= May 7, 2007 |url= https://www.sec.gov/Archives/edgar/data/1058057/000110465907036924/a07-12252_2ex99d1.htm |access-date= August 24, 2013 }}</ref>
The press estimated that the founders and other executives had made $760 million in gains from the options, which were awarded by the founding couple, Sehat Sutardja and Weili Dai.<ref>{{Cite news |title= Billionaires From Jakarta, Shanghai Undermined by U.S. Options |date= May 21, 2007 |author= Edward Robinson |work= Bloomberg News |url= https://www.bloomberg.com/apps/news?pid=newsarchive&sid=a7Cs20wMjtH0 |access-date= August 24, 2013 }}</ref>
The SEC asked to interview the company's general counsel Matthew Gloss, but Marvell claimed attorney–client privilege.<ref>{{Cite news |title= SEC Stumbles on Privilege Waivers |author= Justin Scheck |work= In-House Counsel |url= http://www.law.com/jsp/ihc/PubArticleIHC.jsp?id=1189155768565 |url-status=dead |archive-url= https://web.archive.org/web/20090226035732/http://www.law.com/jsp/ihc/PubArticleIHC.jsp?id=1189155768565 |archive-date= February 26, 2009 |access-date=August 24, 2013 }}</ref>
Gloss was fired just before the investigation results were announced in May 2007.<ref>{{Cite news |title= Marvell Fires General Counsel: Marvell's general counsel was fired before the release of the company's backdating report. The counsel's attorney denies any connection |work= CFO Magazine |date= May 8, 2007 |author= Alan Rappeport |url= http://www.cfo.com/article.cfm/9140664 |access-date=August 24, 2013 }}</ref>
Abraham David Sofaer was hired to investigate the investigation after Gloss alleged it was not independent. In announcing the results of its own inquiry, the SEC did not give Marvell the credit granted to other companies in the options scandal for cooperating with the SEC’s investigation or for cleaning up.<ref name="auto">{{Cite news |title= Marvell Technology to Pay $10 Million Fine Over Backdating |work= Law.Com |date= May 9, 2008 |author= Zusha Elinson |url= http://www.law.com/jsp/article.jsp?id=1202421247111&Marvell_Technology_to_Pay_10_Million_Fine_Over_Backdating |access-date=August 24, 2013 }}</ref> At the time of the announcement, the co-acting regional director of the SEC’s San Francisco office stated, among other things, that the SEC did not believe that the lack of cooperation and remediation shown by Marvell merited much credit in terms of being lenient with Marvell.<ref name="auto"/> In announcing its results, the SEC found that Gloss was not a participant in Dai and Sutardja’s backdating scheme.<ref name="auto"/>
Marvell restated its financial results, and stated that  Dai will no longer be executive vice president, chief operating officer, and director but continue with the company in a non-management position.<ref>{{Cite news |title= Marvell CFO Resigns amid Options Probe: Microchip maker discloses a pre-tax charge of as much as $350 million |work= CFO Magazine |date= May 7, 2007 |author= Alan Rappeport |url= http://www.cfo.com/article.cfm/9138321 |access-date=August 24, 2013 }}</ref>
The company agreed to pay a $10 million fine in 2008, but did not fire Dai nor replace Sutardja as chairman as stated by the investigating committee.<ref name="backed" /><ref name="auto"/>

===Patent infringement ===
In December 2012, a Pittsburgh jury ruled that Marvell had infringed two patents (co-inventors Alek Kavčić and Jose Moura) by incorporating hard disk technology developed and owned by [[Organization:Carnegie Mellon University|Carnegie Mellon University]] without a license.<ref name="nyt">{{cite news|last=Mouawad |first=Jad |url=https://www.nytimes.com/2012/12/27/technology/marvell-ordered-to-pay-1-17-billion-in-patent-case.html|title=Jury Awards $1.17 Billion in Patent Suit |work={{wipe|The New York Times}} |date=2012-12-26 |access-date=2012-12-28}}</ref> The technology, relating to improving hard disk data read accuracy at high speeds, was reported to have been used in 2.3 billion chips sold by Marvell between 2003 and 2012.<ref name="bbc">{{cite news|url=https://www.bbc.co.uk/news/technology-20851048 |title=BBC News - Marvell faces huge patent fine over hard disk chips |work=BBC News |date=27 December 2012 |access-date=2012-12-28}}</ref> The jury awarded damages of $1.17 billion, the third largest ever in a patent case at the time.<ref>{{cite web|last=Clark |first=Don |url=https://www.wsj.com/articles/SB10001424127887323984704578203751185147598 |title=Jury Finds Marvell Owes $1.17 Billion in Patent Case - WSJ.com |publisher=Online.wsj.com |date=2012-12-26 |access-date=2012-12-28}}</ref> The jury also found that the breach had been "willful", giving the judge discretion to award up to three times the original damage amount.<ref name="bbc" /> In December 2012, the company lost its mistrial bid in this dispute.<ref>{{cite web|url=http://www.lexisnexis.com/legalnewsroom/intellectual-property/b/copyright-trademark-law-blog/archive/2012/12/21/marvell-loses-mistrial-bid-in-carnegie-mellon-patent-row.aspx |title= Marvell Loses Mistrial Bid In Carnegie Mellon Patent Row |date=December 21, 2012 |access-date=July 31, 2013 }}</ref> Post-trial hearings were scheduled for May 2013 and Marvell reported to be considering an appeal in the interim.<ref name="nyt" />
In August, US District Judge Nora Barry Fischer upheld the award.<ref>{{Cite news |first= Bernard |last= Vaughan |work= Reuters |title= Judge upholds $1.17 billion patent verdict against Marvell |date= August 23, 2013 |url= https://www.reuters.com/article/us-marvell-carnegiemellon-idUSBRE97N00V20130824 |access-date=August 24, 2013 }}</ref>
On February 17, 2016, Marvell agreed to a settlement in which Marvell will pay [[Organization:Carnegie Mellon University|Carnegie Mellon University]] $750,000,000.<ref name="CMU2016">{{Cite press release
| title = Carnegie Mellon University and Marvell Technology Group Ltd. Reach Settlement
| work = Carnegie Mellon University
| date = 2016-02-17
| access-date = 2016-02-18
| url = http://www.cmu.edu/news/stories/archives/2016/february/settlement.html
}}</ref>

== See also ==
* [[Company:Marvell Software Solutions Israel|Marvell Software Solutions Israel]]

== References ==
{{Reflist|2}}

== External links ==
*{{Official}}
{{Finance links
| name = Marvell Technology, Inc.
| symbol = MRVL
| reuters = MRVL.O
| bloomberg = MRVL:US
| sec_cik = 1835632
| yahoo = MRVL
| google = MRVL:NASDAQ
}}

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{{Electronics industry in the United States}}
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[[Category:Fabless semiconductor companies]]

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