JERUSALEM, June 20 The surge in high-speed
fourth-generation (4G) mobile technology will help propel growth
at chipmaker Marvell Technology Group, its co-founder
said on Wednesday.
Weili Dai said Marvell's 4G LTE platform is a four-core base
application processor on a single chip, designed for any sized
screen and also supports 3G technology.
"This is going to be a mover-and-shaker technology," she
said in an interview with Reuters at the annual President's
Conference in Jerusalem. "I believe next year will be a big year
for the big launch of volume for LTE.
"When you develop wireless technology it needs to be
globally sound, which means you have to cover North America,
Europe, emerging countries and China standards," said Dai, who
founded the company with her husband and the company's chief
executive, Sehat Sutardja, in 1995.
California-based Marvell has forecast second-quarter revenue
above analysts' expectations after first-quarter results topped
forecasts on high demand for its storage and networking chips.
Among its key customers are hard disk and flash drive makers
Western Digital, Seagate Technology and Toshiba
Its Nasdaq-listed shares closed at $11.24 on Wednesday, up
55 percent so far in 2013. Analysts are bullish on the stock.
"After a long wait, we think Marvell is finally beginning to
see some traction in their wireless business, and we don't think
this is reflected in Street estimates or in investor sentiment,"
Susquehanna Financial Group analyst Chris Caso wrote in a client
note earlier this week.
Marvell expects its mobile and wireless business to grow
double digits sequentially in the second quarter. It also
expects double-digit growth in its solid state drivers (SSD)
Shanghai-born Dai, one of the few women leaders in the
semiconductor industry, sees Marvell's storage business growing
due to ever stronger demand for content
"Storage products are in high demand. Whether or not it's a
disk drive ... or local storage for the SSD or disk drive
combined with the SSD, overall demand is very promising," she