In fact, Marvell spent $1 billion on research and development in the first nine months of 2021 - almost a third of its revenue. Marvell has been focused on funding its R & D efforts and plans to bring new products to market. Revenue increased by 61% YoY in the most recent quarter. Marvell’s products are in high demand because of their superior performance and low cost.Īccording to its most recent report, the company has now seen six consecutive quarters of sales increase. The company is well-positioned for future growth as the demand for silicon-based solutions continues to increase. Marvell’s silicon offerings are used in data center storage solutions, enterprise networking gear, smartphones, and other mobile devices. The company has a strong track record of innovation and provides products used in a wide variety of applications. Marvell Technology is a leading developer of silicon-based solutions for the storage, networking, and mobile markets. If you want to gain exposure to silicon and semiconductor stocks, keep reading for our top picks.īest Silicon Stocks Marvell Technology (NASDAQ: MRVL) The companies that produce it could profit as the world’s economy opens up again and becomes even more reliant on silicon.Īccording to Allied Market Research, the silicon market value in 2018 was just roughly $18.2 billion, and it’s predicted to reach $91.4 billion by 2026, at a CAGR of 22.5 to 2026. The digitalization of industrial economies is also driving cloud computing, data center expenditure, and semiconductor demand. With the rollout of 5G and the significant shift to electronic vehicles, the silicon industry is forecasted to grow rapidly in the coming years. Silicon stocks are becoming increasingly popular, as silicon products are used in many industries, such as automotive, construction, medical, electronics, and textiles. 6.5 Is Taiwan Semiconductor Manufacturing a Buy?

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