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Marvell increases prices by 10% across its entire product range, effective January 1st next year
US chip major Marvell reportedly issued a notice letter on December 5, 2022, saying that its products will increase in price by 10% from January 1, 2023, due to increased costs on the supplier side as well as other additional expenses.
December 16 - US chip major Marvell reportedly issued a notice letter on December 5, 2022, saying that its products will increase in price by 10% from January 1, 2023, due to increased costs on the supplier side as well as other additional expenses.
Marvell said that while the supply environment is still evolving, some product availability has eased. Marvell is gradually reducing its backlog of orders and lead times for many products are being shortened. Starting December 1, 2022, lead times are being reduced to 26 weeks for most products. The 16-week lead time for Fibre Channel HBAs will not change.
Marvell said the company has taken a number of proactive steps to mitigate the negative impact of the unprecedented semiconductor supply and demand imbalance and has paid a premium to secure products and accelerate their delivery. Due to increased costs and additional fees on the supplier side, Marvell has decided to increase prices by 10 percent effective January 1, 2023.
Marvell, founded in 1995 and headquartered in Silicon Valley with R&D centres in Shanghai, Nanjing, Chengdu and Beijing, China, is a global leader in the design, development and supply of mixed-signal and digital signal processing integrated circuits for the high-speed, high-density, digital data storage and wideband digital data networking markets. The company is a leading global semiconductor manufacturer in the design, development and supply of mixed signal and digital signal processing integrated circuits for the high-speed, high-density, digital data storage and wide-band digital data networking markets.
Time:2024-11-18
Time:2024-11-18
Time:2024-11-18
Time:2024-11-18
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