The data center infrastructure market has seen particularly rapid growth thanks to the need to support the compute demands of AI and machine learning ML. According to Chris Koopmans, chief operations officer of Marvell, there has been over $100 billion of capex spent by hyperscalers in 2024—and as a result, in its 2025 Q3 quarterly earnings (the three months ended Nov. 2), Marvell crossed a landmark $1 billion in revenue from interconnects and custom silicon for the data center market, representing a 98% year-on-year-growth.
Speaking at the Marvell industry analyst day in Santa Clara, Calif., last week, Koopmans said, “Marvell is now a data center company, representing over 70 percent of our revenue.”
He added that data centers were now Marvell’s biggest opportunity, with custom silicon delivering revenue already. Adding to this, Loi Nguyen, who heads the company’s cloud optics group, said, “Hyperscale companies are needing to differentiate their service, and as a result, more and more hyperscale providers will build their own custom AI infrastructure. Marvell is the next hot AI chip [firm] in town.”
While this is a big opportunity, Marvell CEO Matt Murphy added that, “We are still very early in the AI innovation cycle.”
From EETimes