‘Reasonable’ Lead Times for Chips ‘Not Feasible’: Marvell CEO
Most Marvell Technology semiconductor products “are proprietary and sole-sourced, and demand for our solutions continues to grow,” said CEO Matt Murphy on an earnings call Monday for fiscal Q1 ended May 1. “We need to support our customers with a…
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flexible supply chain capable of delivering to upside demand within a reasonable lead time, something that has not been feasible this year.” Marvell is confident “we have secured sufficient supply to enable accelerating year-on-year revenue growth” for its second fiscal half ending early February, said Murphy. “We expect supply to further improve next fiscal year.” Marvell expects a “strong second-half ramp” compared with the first half in its networking business from the “increase in 5G adoption in the U.S. and other regions,” he said.