Mavell Taiwan SSD division was laid off

 


【Lansheng Technology News】Affected by the long-term weakness of the NAND Flash market, chip design manufacturer Marvell has recently laid off its SSD flash memory controller R&D team in Taiwan, with up to 200 layoffs. However, this matter needs to be confirmed by the company and is subject to discussion.


According to Taiwan media Business Times, Marvell Taiwan’s SSD department is reported to have laid off as many as 200 people. Bloomberg reported in March that Marvell was laying off approximately 320 positions, accounting for 4% of its total employees, and that all of its R&D teams in mainland China were also laid off.


"We are streamlining our organization to ensure our employees can take advantage of opportunities now and as we emerge from the industry downturn," Marvell said at the time. "We have been paying close attention to how teams are distributed across multiple locations and how they are managed to ensure optimal performance."


It is reported that the units currently being abolished by Marvell Taiwan are only the SSD department, and other departments are operating normally. Employees laid off in mainland China are said to have been transferred to companies such as VeriSilicon and ZTE Microelectronics, and it is expected that their counterparts in Taiwan will also take over.


Marvell previously announced its financial results for the second quarter of fiscal year 2024. Revenue decreased by 11.6% annually and increased by 1.5% quarterly to US$1.341 billion, which was better than the midpoint of the financial forecast of US$1.33 billion. Non-GAAP per share dilution Earnings decreased 42.1% year-on-year and increased 6.5% quarter-on-quarter to US$0.33.


In the second quarter, enterprise network market-related revenue decreased by 4% year-on-year and 10% quarter-to-quarter to US$327.7 million; data center-related revenue decreased by 29% year-on-year and increased 6% quarter-to-quarter to US$459.8 million; telecommunications provider infrastructure-related revenue It decreased 3% year-on-year and 5% quarter-on-quarter to US$275.5 million.


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