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June 11th, 2019

Matt Murphy Talks Marvell Transformation, Four Deals and 5G with Jim Cramer of CNBC’s Mad Money

By Stacey Keegan, Senior Director, Corporate Communications, Marvell

Marvell President and CEO Matt Murphy joined Jim Cramer, host of the widely acclaimed finance television program, Mad Money, for an engaging discussion on where Marvell has been and where the company is headed.

Jim was interested in learning more about the four deals that Marvell announced over the last month including the acquisitions of Aquantia and Avera, and the 5G growth opportunities moving forward.

In his interview with Jim, Matt highlighted the key technologies needed to play in the infrastructure market—processors, networking, storage and security—all of which Marvell has.  Aquantia helps Marvell strengthen its move to the connected car where a best-in-class network is needed to address the trends in autonomous vehicles, electrification, and safety/security, and the shift from analog interfaces to Ethernet technology.

With the acquisition of Avera, Marvell essentially double downs on 5G, Matt explains.  He emphasizes that the 5G cycle is just beginning —“not even in the first inning yet”— with the build-out of this infrastructure starting now and continuing robustly through 2020.  Avera’s biggest end market exposure is base stations and Avera will enable a new custom chip design business for Marvell.

To hear more from Matt and Jim’s discussion, and learn about how Marvell is at the infrastructure epicenter to address 5G, the cloud, AI, enterprise hardware and the connected car, click the below video.

Marvell Technology CEO: We are ‘extremely well positioned’ for 5G from CNBC.

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