(AOF) – Marvell Technology has unveiled quarterly results and forecasts above expectations. In the second quarter of its fiscal year, the chipmaker posted a loss of $165.7 million, or 20 cents per share, compared with a loss of $88.2 million, or 13 cents per share a year earlier. Excluding exceptional items, earnings per share stood at 52 cents, against a consensus of 51 cents. Revenue jumped 74% to $1.45 billion, beating market expectations by just over 1%.
For the current quarter, the group expects earnings per share, excluding exceptional items, of between 53 and 59 cents, and an average turnover of 1.515 billion. Analysts are targeting EPS of 55 cents and revenue of 1.49 billion.
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Japan’s strong ambitions
The Japanese government is seeking to revitalize its electronic chip industry, with the objective of tripling turnover in 2030 compared to 2020. The Japanese sector would then represent the equivalent of 100.3 billion euros, in a market rapidly growing worldwide. The SIA (Semiconductor Industry Association) considers that Japan represented only 10% of world production last year, behind the United States (47%) and South Korea (19%). However, the country dominated the world chip market with 51% of production at the end of the 1980s. The Taiwanese TSMC has already chosen to create a 7 billion dollar factory in Japan, in partnership with Sony. Half of it should be financed by public subsidies.
Computer manufacturers: a decline in sales that should continue in 2022 –
The downward trend in computer sales observed since the second half of 2021 should continue and lead to an annual drop in the number of PCs sold in 2022, except in the professional segment. This niche is doing well because it benefits from the boom in telework, which requires companies to acquire fleets of laptops. IDC then predicts that volume sales will benefit from an average annual increase of 3.3% until 2025. It should mainly come from purchases of notebooks.