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Home › Marvell to Exit Smartphone Biz

 

Marvell to Exit Smartphone Biz

2015-09-25 14:39:47| Telecom - Topix.net

Marvell Technology Group announced a "significant restructuring" in its flagging mobile platform business that will include layoffs, a write-down of assets, and apparently an exit from the smartphone market. The company said it "plans to significantly downsize the mobile platform organization to refocus its technology to emerging opportunities in IoT, automotive, and networking."

Tags: biz exit smartphone marvell

Category:Telecommunications

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