Marvell Technology Group

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Marvell Technology Group, Ltd.
Public
Traded as NASDAQ: MRVL
Industry Semiconductors
Founded 1995; 29 years ago (1995)
Founder Sehat Sutardja, Weili Dai, and Pantas Sutardja
Headquarters Santa Clara, California, United States (operational), Hamilton, Bermuda (legal domicile)
Key people
 Sehat Sutardja, Co-founder, Director and former CEO
Weili Dai, Co-founder, Director and former president
Products Integrated circuits
Revenue Increase$3.7 billion USD (FY2015)
Increase$435 million USD (FY2015)
Total assets Increase$5.88 billion USD (FY2015)
Number of employees
 7163 (2015)
Website www.marvell.com
Marvell's development center in Petah Tikva, Israel

Marvell Technology Group, Limited, is a producer of storage, communications and consumer semiconductor products. The company was founded in 1995 and has approximately 7,000 employees.[1] Marvell's U.S. operating headquarters is located in Santa Clara, California, and the company operates design centers in places including Canada, Europe, Israel, India, Singapore and China.[2] Marvell is a fabless semiconductor company and ships more than one billion integrated circuits (known as "chips") per year.[1] Its market segments include high volume storage, connectivity, networking, consumer devices and components, Internet of Things (IoT), automotive and digital entertainment.[3]

History

Marvell was founded in 1995 by Sehat Sutardja, his wife Weili Dai, and brother Pantas Sutardja.[4] The initial public offering on June 27, 2000 (near the end of the dot-com bubble) raised $90 million, with the stock listed on NASDAQ with the symbol MRVL.[5] After quickly raising from $19 to over $63 per share, three days later it was $55.25.[6] At the time, the five largest customers, Samsung Electronics, Hitachi, Seagate Technology, Fujitsu and Toshiba, accounted for 97% of sales.[7] The shares dropped sharply in December when insiders were allowed to sell.[8]

The company is officially headquartered in Hamilton, Bermuda.[5] The US operations known as Marvell Semiconductor, Incorporated, are located in Silicon Valley, California.[7]

Acquisitions

Through the years, Marvell acquired smaller companies to enter new markets.

Date Acquired company Expertise Cost
October 2000 Galileo Technology Ethernet switches, system controllers $2700M in stock[9]
June 2002 SysKonnect PC networking[10]
February 2003 Radlan Embedded networking software $49.7M[11]
August 2005 Hard disk controller division of Qlogic Hard disk & tape drive controllers $180M in cash + $45M in stock[12]
December 2005 SOC division of UTStarcom Wireless communications (3G) $24M in cash[13]
February 2006 Printer ASIC business of Avago Printer ASICs $240M in cash[14][15]
July 2006 Xscale product line from Intel Communications processors and SOCs $600M in cash[16]
January 2008 PicoMobile Networks Communication software for IWLAN and IMS[17]
August 2010 Diseño de Sistemas en Silicio S.A. ("DS2") Spanish company, PLC communication ICs[18]
January 2012 Xelerated Network Processors
Marvell HQ
Marvell's operating headquarters in Santa Clara

Products

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Main article: List of Marvell Technology Group chipsets
Marvell Yukon Gigabit Ethernet controller in a Sony Vaio FW series laptop

Ethernet

Marvell's first products were sold for computer data storage devices. In March 2000, computer networking products for the Ethernet family were first shipped.[7] In October 2002, the Yukon brand Gigabit Ethernet controller was announced.[19]

XScale

On June 27, 2006, the sale of Intel's XScale assets was announced. Intel agreed to sell the XScale business to Marvell for an estimated USD 600 million in cash and the assumption of unspecified liabilities. The acquisition was completed on November 9, 2006.[16]

SheevaPlug

In 2009, Marvell announced that the SheevaPlug, a small, low-power, SoC-based ARM architecture computer, would be released with full schematics.[20][21][22][23][clarification needed]

iPhone

Marvell supplied the Wi-Fi chip for the original (first-generation) Apple iPhone.[24]

MMH

Marvell Mobile Hotspot (MMH) is an in-car Wi-Fi connectivity. The 2010 Audi A8 was the first automobile in the market to feature a factory-installed MMH.[25]

Chromecast

Google's 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.[26]

In 2012, Marvell was named one of Thomson Reuters top 100 global innovators.[27]

Legal cases

Stock options

In 2006, the US Securities and Exchange Commission (SEC) started an inquiry on the company's stock option grant practices.[28] An investigation determined "grant dates were chosen with the benefit of hindsight" to make the options more valuable.[29] 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.[30] The SEC asked to interview the company general counsel Matthew Gloss, but Marvell claimed attorney-client privilege.[31] Gloss was fired just before the investigation results were announced in May 2007.[32] Abraham David Sofaer was hired to investigate the investigation after Gloss alleged it was not independent. Marvell restated its financial results, and stated that Dai will no longer be executive vice president, chief operating officer, and a director but continue with the company in a non-management position.[33] 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.[29][34]

Patent infringement

In December 2012, a Pittsburgh jury ruled that Marvell had infringed two patents (co-inventors Alek Kavcic and Jose Moura) by incorporating hard disk technology developed and owned by Carnegie Mellon University without a license.[35] 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.[36] The jury awarded damages of $1.17 billion, the third largest ever in a patent case at the time.[37] The jury also found that the breach had been "willful", giving the judge discretion to award up to three times the original damage amount.[36] In December 2012, the company lost its mistrial bid in this dispute.[38] Post-trial hearings were scheduled for May 2013 and Marvell reported to be considering an appeal in the interim.[35] In August, US District Judge Nora Barry Fischer upheld the award.[39] On February 17, 2016, Marvell agreed to a settlement in which Marvell will pay Carnegie Mellon University $750,000,000.[40]

See also

References

  1. ↑ 1.0 1.1 Company. Marvell. Retrieved on 2013-12-09.
  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ Marvell Powers The Google TV Experience. Ubergizmo. Retrieved on 2013-12-09.
  4. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ 5.0 5.1 Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ 7.0 7.1 7.2 Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  13. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  15. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  16. ↑ 16.0 16.1 Lua error in package.lua at line 80: module 'strict' not found.
  17. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  18. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  19. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  20. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  21. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  22. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  23. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  24. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  25. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  26. ↑ 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.
  27. ↑ Top 100 Global Innovators | 2013 Winners. Top100innovators.com. Retrieved on 2013-12-09.
  28. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  29. ↑ 29.0 29.1 Lua error in package.lua at line 80: module 'strict' not found.
  30. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  31. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  32. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  33. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  34. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  35. ↑ 35.0 35.1 Lua error in package.lua at line 80: module 'strict' not found.
  36. ↑ 36.0 36.1 Lua error in package.lua at line 80: module 'strict' not found.
  37. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  38. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  39. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  40. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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