Marvell: Data infrastructure represents 87% of revenue

Marvell reported net revenue for the second quarter of its fiscal 2024 of $1.341 billion, $11 million above the midpoint of the company's prior guidance, but down 12% year-on-year.GAAP net loss for the second quarter of fiscal 2024 was $(207.5) million, or $(0.24) per diluted share. Non-GAAP net income for the second quarter of fiscal 2024 was $290.2 million, or $0.33 per diluted share."Marvell delivered second quarter fiscal 2024 revenue above the...

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Ericsson and Huawei renew global patent license

Ericsson and Huawei have renewed a multi-year global patent cross-licensing agreement that covers patents essential to standards relevant to the products of the parties, including 3G, 4G, and 5G.The agreement covers the companies’ respective sales of network infrastructure and consumer devices, granting both parties global access to each other's patented, standardized technologies."We are pleased to announce our renewal of our global cross-licensing...

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Jabil looks to sell its Mobility business to BYD for $2.2B

Jabil announced a preliminary agreement to sell its Mobility business to  BYD Electronic (International) for  approximately $2.2 billion."This transformational deal would represent the largest transaction in the history of our company, and I am thrilled to be able to work with a reputable company like BYDE to drive this business successfully forward,” said CEO Kenny Wilson.“If completed, the proceeds from this transaction will enable us to enhance our shareholder-centric capital framework, including incremental share buybacks. Additionally,...

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