Marvell CEO Sees Opportunity in Ethernet for Car Networking Amid Mobile Wi-Fi Challenges
For Marvell Technology, “standards-based businesses” like mobile Wi-Fi “come with their challenges," CEO Matt Murphy told investors in Q&A when asked what’s in it to stay in the wireless connectivity business. Marvell's wireless connectivity business is “stabilized” now that the…
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firm has “transitioned” out of Wi-Fi products for mobile handsets and “refocused our efforts on high-performance enterprise markets,” including smart home “gateways” and connected cars, he said Thursday. Sales in the wireless connectivity sector declined 19 percent in Q4 from the year-ago quarter, the company reported. In automotive, “we see the connected car as a real opportunity,” Murphy said. “The first leg of that is in the products we're shipping today, which are primarily our Wi-Fi or Wi-Fi/Bluetooth combo products, where we've got really a leading position.” As a “longer-term growth driver” for Marvell, “we see a large opportunity, multiple years out, on the adoption of Ethernet as the in-car networking standard,” he said.