‘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 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.