{"id":17676,"date":"2021-03-16T14:00:32","date_gmt":"2021-03-16T06:00:32","guid":{"rendered":"https:\/\/ljdevice.com.tw\/?p=17676\/"},"modified":"2021-03-16T14:00:32","modified_gmt":"2021-03-16T06:00:32","slug":"marvell-shares-fall-chip-supplies-expected-remain-tight-2022","status":"publish","type":"post","link":"https:\/\/ljdevice.com.tw\/en\/marvell-shares-fall-chip-supplies-expected-remain-tight-2022\/","title":{"rendered":"Marvell shares fall as chip supplies expected to remain tight into 2022"},"content":{"rendered":"<p>March 04, 2021<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-17677\" src=\"https:\/\/ljdevice.com.tw\/wp-content\/uploads\/2021\/03\/2021-03-16_135926-300x163.jpg\" alt=\"\" width=\"300\" height=\"163\" \/><\/p>\n<p><!--more--><\/p>\n<p>Shares of\u00a0<a href=\"https:\/\/telecom.economictimes.indiatimes.com\/tag\/marvell\">Marvell<\/a>\u00a0Technology Group Ltd fell on Wednesday as the designer of 5G networking chips said supplies could remain tight through its fiscal 2022.<\/p>\n<p>Marvell forecast revenue and adjusted profit ranges for its current fiscal first quarter with midpoints of $800 million and 27 cents per share, respectively, in line with analyst expectations of $793.3 million and 27 cents per share, according to IBES data from\u00a0<a href=\"https:\/\/telecom.economictimes.indiatimes.com\/tag\/refinitiv\">Refinitiv<\/a>.<\/p>\n<p>Marvell shares fell 3.4% to $43.90 in extended trading after closing 4.7% lower earlier in the day.<\/p>\n<p>&#8220;The supply chain was not completely prepared for the surge in demand and needs time to increase capacity,&#8221; Chief Executive Matt Murphy told investors on a conference call.<\/p>\n<p>&#8220;While we are confident that the industry will respond to these challenges, we anticipate a supply gap for at least through fiscal 2022,&#8221; he added. The company&#8217;s fiscal 2022 ends in January 2022.<\/p>\n<p>Source:<a href=\"https:\/\/telecom.economictimes.indiatimes.com\/news\/marvell-shares-fall-as-chip-supplies-expected-to-remain-tight-into-2022\/81324556\">Marvell Technology share price: Marvell shares fall as chip supplies expected to remain tight into 2022, Telecom News, ET Telecom (indiatimes.com)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>March 04, 2021<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[609],"tags":[],"class_list":["post-17676","post","type-post","status-publish","format-standard","hentry","category-industrial-news"],"_links":{"self":[{"href":"https:\/\/ljdevice.com.tw\/en\/wp-json\/wp\/v2\/posts\/17676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ljdevice.com.tw\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ljdevice.com.tw\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ljdevice.com.tw\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/ljdevice.com.tw\/en\/wp-json\/wp\/v2\/comments?post=17676"}],"version-history":[{"count":2,"href":"https:\/\/ljdevice.com.tw\/en\/wp-json\/wp\/v2\/posts\/17676\/revisions"}],"predecessor-version":[{"id":17679,"href":"https:\/\/ljdevice.com.tw\/en\/wp-json\/wp\/v2\/posts\/17676\/revisions\/17679"}],"wp:attachment":[{"href":"https:\/\/ljdevice.com.tw\/en\/wp-json\/wp\/v2\/media?parent=17676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ljdevice.com.tw\/en\/wp-json\/wp\/v2\/categories?post=17676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ljdevice.com.tw\/en\/wp-json\/wp\/v2\/tags?post=17676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}