Keep pulling the thread on Matt Murphy.
Marvell Technologies expects 80% of its revenue next year to come from the data center and AI markets.
In December 2016, Matt Murphy presented an M&A strategy to the Marvell board identifying Cavium, Infi, Aquantia, and Mellanox as key acquisition targets to pivot the company towards data infrastructure.
Marvell Technologies acquired Cavium, Infi, and Aquantia, while NVIDIA acquired Mellanox.
Marvell's acquisition of Infi for $10 billion represented a 13 times forward sales multiple, which was the highest multiple ever paid for a public semiconductor asset at the time.
Marvell acquired Cavium for $6 billion, a price that represented 85% of Marvell's enterprise value at the time.
Following its strategic acquisitions and divestitures, Marvell's revenue mix has shifted to 95% infrastructure and 5% consumer.
The majority of TSMC's revenue is now derived from high-performance computing (HPC) for data infrastructure, a shift from its previous focus on mobile chipsets.
TSMC surpassed Intel in semiconductor process technology leadership approximately seven to eight years ago.
In 2015, Marvell faced a whistleblower complaint regarding premature revenue recognition, leading to the resignation of its auditor, PricewaterhouseCoopers, and its CFO.
Marvell Technologies and NVIDIA have the largest exposure among semiconductor suppliers to the data center and AI ecosystem.
When Matt Murphy joined Marvell Technologies as CEO in July 2016, the company's enterprise value was $3.5 billion, with a market cap of $5 billion and $1.6 billion in cash.
At its peak, Marvell Technologies' enterprise value reached approximately $110 billion.