Marvell Technology Group Ltd. (NASDAQ:MRVL) and Samsung Electronics Ltd. Announces Extension of Their Partnership Aimed at Collaborating on Deployment of 5G Infrastructure
Marvell Technology Group Ltd. (NASDAQ:MRVL) and Samsung Electronics Ltd announced the extension of their strategic partnership for powering the development of 5G infrastructure. The two leaders in their respective fields are collaborating on building multiple generations if radio and control plane processors deployable for LTE and 5G networks. Normally such news would jumpstart a company’s stock for a while, but in Marvell’s case, the company lost 2.24% during the just ended business day closing the session at $19.60 with a market capitalization of $12.89 billion.
Collaborating on enabling Technologies
The infrastructure being developed jointly by the two partners will help meet today’s data usage demand. Deployment of next-generation networks needs specialized technology accommodating intensive data rates, low latency, and enhanced density that comes with the new standards. For cost-effectiveness, developers have to find a way to support legacy LTE and LTE-A operations concurrently with 5G.
Interestingly, LTE-A Rel 14 and 5G NR have multiple applications like in smart cities, automated factories, telemedicine, the Internet of Things (IoT) and the Virtual reality field. Jaeho Jeon, executive vice president and head of R & D, Network Business at Samsung has during the press release reaffirmed Samsung’s commitment to pioneering the next phase of 5G innovation. The senior official stated that Samsung would team up with the industry’s key players with similar visions to have 5G network deployment come to fruition.
Mr. Jeon added that “Leveraging expertise in LTE and 5G commercialization, we will continue to explore the potential of the advanced technologies to push beyond the limits of today’s new radio technologies.”
On his part, Raghib Hussain, the Chief Strategy Officer and Vice President of the Networking and Processors Group at Marvell spoke high of the companies’ partnership in developing industry-grade technology for powering the deployment of 5G. Hussain mentioned that his company’s sought after wireless infrastructure platform will be of immense value to its partners in enabling LTE-A and 5G NR deployment from the radio access network.