Results for: ASIC

Mineral Resources, a major Australian mining company, is facing a crisis after its founder and managing director, Chris Ellison, stepped down amidst allegations of tax evasion and misuse of company funds. The company is now under investigation by the Australian Securities and Investments Commission (ASIC) and the Australian Taxation Office (ATO), and has been downgraded by Moody’s Investor Service. Ellison’s departure, coupled with governance lapses and financial penalties, raises questions about the future of the company.

Marvell Technology (MRVL) is a semiconductor stock experiencing hype due to its rapid data center revenue growth. While its overall performance lags behind the sector, analysts see significant upside potential. This article dives into Marvell’s revenue sources and growth strategies, highlighting its strong position in the custom computing market, particularly in ASICs. However, it also analyzes the competitive landscape, focusing on the challenges posed by Broadcom.

Broadcom is making significant strides in the AI market, securing major AI ASIC programs with OpenAI, Google, and Meta. Their advanced chip technology, including 3D SOIC, is driving their success. Broadcom is poised for substantial growth as the AI market expands rapidly.