Marvell kills off its mobile business

Stefan Mileschin · 25th September 2015, 19:27

Chipmaker Marvell plans to cut its mobile business and will lay off nearly one in five of its staff.

The company’s mobile and wireless business makes connectivity chips, and processors for smartphones and tablets.

Marvell said it would now focus on emerging opportunities in businesses such as automotive and Internet of Things, the concept of connecting household devices to the Internet.

The company said on September 11 a slowdown in the personal computer market had led to a weaker-than-expected demand for its hard-disk drive products.

Marvell had a total of 7,163 employees at the end of January.

The chipmaker said on Thursday that it expects to take a charge of $100 million to $130 million related to the restructuring.

The restructuring is currently expected to result in annualised operating savings of $170 million to $220 million, the company said.

http://www.techeye.net/chips/marvell...obile-business

25th September 2015, 19:27	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,597	Marvell kills off its mobile business Chipmaker Marvell plans to cut its mobile business and will lay off nearly one in five of its staff. The company’s mobile and wireless business makes connectivity chips, and processors for smartphones and tablets. Marvell said it would now focus on emerging opportunities in businesses such as automotive and Internet of Things, the concept of connecting household devices to the Internet. The company said on September 11 a slowdown in the personal computer market had led to a weaker-than-expected demand for its hard-disk drive products. Marvell had a total of 7,163 employees at the end of January. The chipmaker said on Thursday that it expects to take a charge of $100 million to $130 million related to the restructuring. The restructuring is currently expected to result in annualised operating savings of $170 million to $220 million, the company said. http://www.techeye.net/chips/marvell...obile-business

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Lenovo to enter OEM mobile business	Stefan Mileschin	WebNews	0	11th September 2015 08:45
Skype for Business is coming to your mobile device	Stefan Mileschin	WebNews	0	13th August 2015 05:49
The future Intel’s mobile business relies on contra revenue and a Shenzhen pivot	Stefan Mileschin	WebNews	0	17th April 2014 08:26
North Korea kills mobile internet access for visitors	Stefan Mileschin	WebNews	0	28th March 2013 06:48
Wortmann Releases the TERRA MOBILE 1541 PRO Business Notebook	Stefan Mileschin	WebNews	0	19th October 2012 07:37
Marvell unveils all-in-one 802.11ac WiFi chip for mobile devices	Stefan Mileschin	WebNews	0	5th June 2012 07:17
Yahoo kills mobile news bid	Stefan Mileschin	WebNews	0	29th May 2012 06:40
K-Touch joins China Mobile with Marvell-powered T660, waves a $160 price tag	Stefan Mileschin	WebNews	0	21st May 2012 07:29
Adobe Cutting 750 Jobs, Trims 4Q Outlook and Kills Mobile Flash	Stefan Mileschin	WebNews	0	10th November 2011 06:33
iPod Kills RIO, Microsoft Kills iPod	Sidney	WebNews	0	2nd September 2005 15:23