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Full coverage· Economy· Updated

Chip Giant Marvell Cuts Dozens of Jobs in Israel

American chip company Marvell is laying off dozens of employees at its Israeli development centers as part of a targeted adjustment to business needs. The company, which employs about 500 people in Israel, stated the cuts affect a small portion of its engineering team.

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What happened

  1. 01Chipmaker Marvell is laying off dozens of employees at its Israeli development centers.
  2. 02The layoffs are a targeted adjustment to business needs, affecting one engineering team.
  3. 03Marvell employs approximately 500 people across its development centers in Israel.
  4. 04The company specializes in connectivity chips for data centers.
  5. 05Marvell's market valuation is currently around $150 billion.

Marvell specializes in connectivity chips and has a market value of around $150 billion.

Translated and summarized by baba from Ice, the latest report. Read Ice’s original

The coverage

2 newsrooms on this story

Who covered it

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How it broke

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