Marvell Shipped 5G Processors in ‘Significant’ Volumes to Aid S. Korean Deployment
Marvell Technology shipped a “significant” volume of 5G processors to a “key customer” in fiscal Q3 ended Nov. 2, said CEO Matthew Murphy on a quarterly call. That was a quarter earlier than previously anticipated because the customer “requested very…
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aggressive delivery timelines to meet their commitments,” said Murphy. The shipments will help the customer “rapidly roll out base stations for the initial wave of 5G deployments” in South Korea, he said Tuesday. “This is just a start of 5G deployments and we are looking forward to a lot more growth from 5G in the longer term.” The "initial deployments" in South Korea will "continue to be the main driver for our 5G revenue for another couple of quarters," he said. "We should start to see the benefit from other geographies" next year, he said. That’s when Marvell expects “the start of 5G adoption in Japan and other countries such as the U.S. as they start to install 5G base stations in higher volumes,” he said.