Marvell ‘on Track’ to Ship Massive MIMO 5G Processors to Samsung This Year

“Ongoing” 5G deployments in China drove Marvell Technology’s networking business to 23% year-over-year revenue growth in fiscal Q2 ended Aug. 1, said CEO Matt Murphy on a Thursday investor call. Revenue in the sector jumped 3% from fiscal Q1, Marvell’s fourth straight quarter of sequential revenue growth from the wireless infrastructure market “as we benefited from the start of the 5G transition,” through design wins at four of the world’s top five tier 1 base station OEMs, he said. Marvell is “on track” to start shipping 5G basebands to Nokia and processors “customized” for massive multiple-input and multiple-output applications to Samsung later this year, said Murphy. “We a lot of wind at our back in terms of the 5G business.”