Marvell raises FY28 revenue forecast to $20B, sees $70B-$90B by FY31

Marvell: Marvell Technology is a semiconductor company that designs integrated circuits focused on networking, storage, and data center applications, with an increasing emphasis on solutions for artificial intelligence infrastructure such as optical connectivity and custom silicon. The company is revising its long-term revenue projections upward amid expanding demand in AI-related markets. Recent activities include advancements in optical technologies and strategic manufacturing partnerships. Matt Murphy: Matt Murphy serves as Chairman and CEO of Marvell Technology, guiding its strategic initiatives in AI data center and infrastructure technologies. He has highlighted evolving challenges in AI systems, including the growing importance of connectivity and memory solutions alongside compute capabilities. Murphy has presented company updates and roadmaps at recent investor conferences. AI Infrastructure: Semiconductor demand is surging as artificial intelligence drives growth in data centers and related components. Connectivity Trends: Connectivity is increasingly viewed as a primary bottleneck for scaling AI systems beyond initial compute and memory limitations. Technology Partnerships: Collaborations in advanced manufacturing are enabling progress in optical interconnect technologies tailored for AI applications.