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Marvell guides for lower revenues in Q2, including effects of Huawei ban

Friday 31 May 2019 | 10:09 CET | News
Marvell Technology reported results for the first quarter in line with expectations. The company guided for lower revenues sequentially –with a narrowed loss- on the back of weaker macroeconomic conditions. The second quarter will again see weaker revenues, taking into account the estimated impact from the US government's Huawei ban. CEO Matt Murphy added however that the company was well positioned to becoming a leading silicon supplier, boosted by with the production ramp of its first 5G products later this year and a growing pipeline of new mobile infrastructure design wins.

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Categories: Mobile & Wireless
Companies: Huawei / Marvell / Marvell Technology
Countries: World
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