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Marvell wins new AI chip business, but at lower margins - TradingView

Retrieved on: 2024-04-11 18:29:46

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Marvell wins new AI chip business, but at lower margins - TradingView. View article details on HISWAI: https://www.tradingview.com/news/reuters.com,2024:newsml_L2N3GK28T:0-marvell-wins-new-ai-chip-business-but-at-lower-margins/

Summary

Marvell Technology, a fabless semiconductor company, competes with Intel, Broadcom, and Nvidia, using ARM Holdings technology to create custom AI chips, targeting $2.5 billion in sales by fiscal 2026 but facing lower margins.

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