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June 3rd, 2020

Matt Murphy Shares Marvell’s Transformation Journey and Market Insights on CNBC’s Mad Money

By Stacey Keegan, Senior Director, Corporate Communications, Marvell

Marvell President and CEO, Matt Murphy, sat down with Jim Cramer of CNBC’s Mad Money for a virtual chat about Marvell’s focus on data infrastructure opportunities. Jim opened the segment congratulating Matt on a spectacular quarter and the company’s 25th anniversary: “This is not the Marvell of 25 years ago or even 25 months ago.”

With the company’s new brand identity on display, Matt explained: “It’s been a great 25-year celebration of the company this year. We’ve gone through a pretty substantial transformation really over the last 3-4 years…we set out to transform the company into a long-term player with a real focus around what we viewed as the data infrastructure opportunity and as you can see, as the strategy has played out over the last few years its extremely relevant in today’s environment with now major growth drivers of the company and our back in 5G, cloud, segments of enterprise and automotive.”

Matt continued by highlighting Marvell’s traction as one of the leading providers of Ethernet technology, powering the network backbone of future automobiles through partnership with 16 different car OEMs – 3 of which will ramp this year and the balance of them in model year 21.

When asked about the big gains in 5G, Matt affirmed the design wins the company has secured have resulted in “significant content across all the remaining key four players in 5G systems.”

Matt closed the interview explaining his focus on “solving for value and not overall aggregate revenue.”

To hear more about Matt’s discussion with Jim Cramer, watch the full video below.

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