According to a recent industry outflow of Marvell's price increase letter, the company will increase the price of its products by 10% effective January 1, 2023, according to Science and Technology Daily.

Marvell noted that while supply chain dynamics remain challenging and unpredictable, we have seen some improvements, reducing lead times to 26 weeks for most products starting in December 2022. The 16-week lead time for Fibre Channel HBAs will not change. In addition, due to increased costs and additional fees on the vendor side, the company will increase the price of its products by 10% effective January 1, 2023.

However, Marvell did not specify the relevant products and models, nor did it make clear whether the price increase was for the entire line.

Marvell, founded in 1995 and headquartered in Silicon Valley with R&D centers in Shanghai, Nanjing, Chengdu and Beijing, China, is a leading global semiconductor vendor providing a full suite of broadband communications and storage solutions for the high-speed, high-density, digital data storage and broadband digital data networking markets, engaging in the design, development and delivery of mixed-signal and digital signal processing integrated circuits. The company is a global leader in the design, development and supply of mixed-signal and digital signal processing integrated circuits for the high-speed, high-density, digital data storage and broadband digital data networking markets.

At the end of October, Marvell China was rumored to be laying off a large number of employees, and Marvell insiders confirmed the news to Tibco. The sources said that Marvell's China layoffs involve all departments and will give the laid-off employees a two-month buffer period, with compensation rumored to be N+3.

source：aijiwei