US chip design giant Marvell raising its outlook on strong AI demand will benefit supplier TSMC, media report, noting Marvell forecast current quarter revenue at US$2.7 billion +/- 5%, above consensus, and full year revenue up 40% to near $11.5 billion, versus prior view $11B. And raised FY2028 revenue target to $16.5B. $Marvell Tech(MRVL.US) $Taiwan Semiconductor(TSM.US) #semiconductors $Advanced Semiconductor Engineering(ASX.US)
Source: Dan Nystedt
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