Marvell Technology is expected to ride the fifth-generation (5G) wireless technology wave. The chip maker has been working on 5G-focused chips, and has struck partnerships to take advantage of this fast-growing market.
5G network transition is expected in the latter half of the year and Marvell Technology is planning to ramp up its 5G related offerings in line with the customer demand. Marvell already has clinched design wins for its Fusion processor for deployment in base stations and expects more deals to come through in the near future. The 5G production ramp up is expected to start in the latter half of the year as the transition from 4G to 5G networks resume from the customers. Marvell expects demand to increase for its Fusion processors and custom multiple-input, multiple-output (MIMO) chips.
5G presents lots of opportunities
Marvell is preparing to launch several new 5G products (fusion baseband, processors, and ethernet switches). According to Gartner, worldwide 5G wireless network infrastructure revenue will reach $4.2 billion. This represented a growth rate of 89% from 2019. According to Marvell Technology’s CEO Matthew Murphy “Our design win momentum continues in 5G, and we recently announced a significant long-term partnership with Samsung to deliver multiple generations of embedded processors and baseband processors for both LTE and 5G base stations. We expect shipments of our 5G products to start to ramp toward the end of the fiscal year 2020 and continue to grow rapidly into fiscal 2021 and beyond.”