Marvel is a billion-dollar American chip design company, one of its top three largest centers. Let's explore the profile of this giant - one of the tenants in the Tan Thuan Export Processing Zone (“Tan Thuan EPZ”) in the article below.
The portrait of American “giant” Marvell - A billion-dollar American chip design company
Marvel - One of the world's top 25 companies in semiconductor design and data infrastructure provision
Marvell is one of the world's top 25 companies in semiconductor design and data infrastructure provision. Marvel Technology was founded by Dr. Sehat Sutardja. He is an American entrepreneur of Indonesian origin. With approximately 28 years of operation, the company's market capitalization has reached $48.18 billion, according to Business Insider.
The company operates under a "Fabless" model, meaning it designs chips and then outsources its manufacturing to other companies. Those companies could be TSMC (Taiwan), Samsung, and UMC. Therefore, Marvell does not own any chip manufacturing facilities.
In 2000, Marvell's stock was officially listed on the stock exchange with a valuation of $15 per share, subsequently raising $90 million. After nearly 30 years of development, the company has not only specialized in semiconductor chip design and data infrastructure provision, but also expanded into several other business areas including data centers, network infrastructure, enterprise networking, consumer, and automotive/industrial sectors.
Throughout its operational journey, Marvel has become a “giant” in the semiconductor industry by acquiring and merging with over 20 large and small companies, notably Cavium for $6 billion and Inphi for $8.2 billion. Cavium specializes in manufacturing ARM processors, while Inphi focuses on mixed-signal integrated circuitry.
Marvel's recent business performance in recent years
Marvel Technology's business results from 2023 to 2024
As one of the leading semiconductor conglomerates in the world, Marvel consistently achieves substantial revenue and impressive sales growth rates over the years. Specifically, in 2023, Marvel's revenue reached $5.92 billion, marking a growth of over 22% compared to its revenue in 2022. Additionally, the loss also decreased significantly from $421 million to just USD 164 million.
In particular, Marvel reported revenue of over $600 million from cloud data and infrastructure, driven by its 5G network infrastructure. According to the financial report, although revenue for Q2 2024 decreased compared to Q2 2023, Marvel is still optimistic about exceeding expectations for the year 2024 due to increased demand driven by AI applications.
Marvell and its journey of taking root in Tan Thuan EPZ
Marvell Company in Vietnam
According to Yahoo Finance, Marvell Technology currently operates 21 branches across various countries. In Southeast Asia, Vietnam and Singapore are two countries where Marvell has active branches. In Vietnam, Marvel has operated since 2013, with Mr. Lê Quang Đạm as the legal representative. It has two offices in Ho Chi Minh City, the Tan Thuan EPZ (District 7) and located in Etown.
With over 10 years of operation, the number of employees is around 300, of which 97% are highly qualified engineers in chip design and electronics. With its expansion plans, Marvel is accelerating its recruitment efforts. Therefore, it is expected that the demand for semiconductor industry professionals in Vietnam will continue to increase.
In addition to focusing on the two areas of cloud databases and artificial intelligence, Marvell is also rapidly establishing a semiconductor design center in Vietnam, aiming to become the world's foremost research center for advanced chip design. It will be one of the four largest semiconductor design centers globally for Marvell, alongside the United States, India, and Israel.
Marvell's plan to inaugurate a world-leading semiconductor design center in Ho Chi Minh City
Marvel announced to establish world-leading semiconductor design center in Ho Chi Minh City
In May 2023, Marvell Technology announced plans to establish a world-leading semiconductor design center in Ho Chi Minh City, transforming the city into one of the premier global hubs for chip research. According to Dr. Lợi Nguyễn, Senior Vice President at Marvell, Vietnam will serve as a hub for researching and developing cutting-edge microchip technologies. It will also provide opportunities for Vietnamese talents to work in the semiconductor industry.
Over the past decade, Vietnamese engineers have demonstrated their capabilities, experience, and expertise in cloud infrastructure and artificial intelligence, proving that Vietnam's workforce can handle the most challenging projects. Combined with advanced infrastructure like the Tan Thuan Export Processing Zone, Marvel has confidently chosen Vietnam to elevate it as a global design center.
Currently, Ho Chi Minh City enjoys several advantages, including abundant labor resources, stable infrastructure, a stable policy environment, and numerous tax incentives for foreign investors in Tan Thuan EPZ. This initiative also creates significant employment opportunities for Vietnamese engineers. In addition, Vietnam, as well as Ho Chi Minh City, is also focusing on training talented engineers in the semiconductor research industry, providing Marvel with additional skilled resources.
Therefore, Ho Chi Minh City is well-positioned to meet the requirements for establishing Marvell's semiconductor research center.
In conclusion: This article provided the details about the profile of the American giant Marvell, inaugurating a world-leading semiconductor design center in Ho Chi Minh City. Thank you for following this article from the Tan Thuan Export Processing Zone.