Marvell: So, looks like Chinese buyers were cautious about networking kit... | 6/1/2019 | Staff
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Storage and semiconductor maker Marvell Technology Group played down the impact of the effective ban on selling chips to Huawei as it filed losses of $21m for the quarter ended 4 May.

Marvell's chief executive, Matt Murphy, said that recent US government action "has further dampened demand in an already challenging macroeconomic environment".

Huawei - Digit - Contributor - Revenue - Company

But he said Huawei was a "mid-single digit" contributor to total revenue for the company, mainly in networking, although there is also some impact on its storage business. The effective export ban came into effect in the second week of the quarter.

Murphy said there were indirect impacts to the business which are not possible to quantify.

CEO - Impact - Huawei - Ban - Likes

The CEO was asked what the impact of the Huawei ban would be on the likes of Samsung, Ericsson and Nokia, and he said: "There is short-term positive, there is also potentially long-term negative side. It's hard to call and it's also hard to call when the situation resolves itself."

Total revenues for the quarter went up 9.5 per cent to $662,452m.

Storage - Revenues - Cent - Year-on-year - Seasonality

Storage revenues were down 12 per cent year-on-year to $279m. This was blamed on seasonality and excess inventory in the supply chain of storage controller customers. The company said weakness in demand was moving...
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