Marvell Technology, Inc. · NASDAQ:MRVL

Marvell Technology — Investor Presentation (July 2024)

22 slides from Marvell Technology's investor presentation, Jul 25, 2024

1. Slide 1: Teralynx 10: 51.2T Ethernet Switch for AI

   Teralynx® 10 51.2T Ethernet Switch for AI July 25, 2024

2. Slide 2: Forward-looking statements

   Forward-looking statements Except for statements of historical fact, this presentation contains forward-looking statements (within the meaning of the federal securities laws) including statements related to future revenue, future earnings, and the success of our product releases that involve risks a

3. Slide 3: Overview

   Overview Company founded FY24 revenue 1995 $5.5B Employees Patents worldwide 6,800+ 10,000+ Global fabless semiconductor supplier -100 © 2024 Marvell. All rights reserved. 3

4. Slide 4: Switching is the core fabric for AI clouds

   Switching is the core fabric for AI clouds Frontend network Ethernet Backend network General purpose InfiniBand servers and storage Ethernet Ethernet is the network of choice for cloud data centers © 2024 Marvell. All rights reserved. 4

5. Slide 5: Large AI clusters accelerate switch demand

   Large AI clusters accelerate switch demand 40K switches 2.5K switches 1 24 switches 640 switches 100K 1M XPUs switch 1K 25K XPUs 128 XPUs XPUs XPUs Network expands exponentially as cluster size increases © 2024 Marvell. All rights reserved. 5

6. Slide 6: A perfect storm for data center switching

   A perfect storm for data center switching AI capex Larger explosion Faster XPU cluster sizes connectivity © 2024 Marvell. All rights reserved. 6

7. Slide 7: Exponential market growth

   Exponential market growth 1.8 million 51.2T Annual switch system shipments 1 million 10-14T 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Multi-billion $ market for 51T cloud DC switching Source: 650 Group © 2024 Marvell. All rights reserved. 7

8. Slide 8: Teralynx 10: low-latency 51.2T Ethernet switch

   Teralynx® 10: low-latency 51.2T Ethernet switch In volume production today, deployments underway © 2024 Marvell. All rights reserved. 8

9. Slide 9: Marvell Teralynx Ethernet Switch

   Marvell® Teralynx® Ethernet Switch Clean-sheet architecture for cloud data center Low latency High bandwidth Programmable Low power The most balanced AI cloud switch: no compromises © 2024 Marvell. All rights reserved. 9

10. Slide 10: AI calls for deterministic low latency

    AI calls for deterministic low latency General purpose Accelerated One workload, One workload, one processor many connected processors Low latency networks enable higher performance compute © 2024 Marvell. All rights reserved. 10

11. Slide 11: Optimized low latency for AI fabrics

    Optimized low latency for AI fabrics Teralynx® 10 latency 1000 t (ns) Low latency 800 under any conditions 600 is key to predictable 400 fabric performance 200 64 1280 9216 min max avg Source: Keysight Superior architecture delivers consistent low latency © 2024 Marvell. All rights reserved. 11

12. Slide 12: Market-leading radix: optimized for AI fabrics

    Market-leading radix: optimized for AI fabrics 256 radix 512 radix 33% fewer … networking layers 2 vs 3 40% fewer … … switches 768 vs 1280 44% fewer … … connections 80K vs 144K 40% lower latency 3-hop vs. 5-hop 64K cluster 64K cluster Network-level innovation to reduce latency, cost, and power © 202

13. Slide 13: Proven low power

    Proven low power Watts per 100GbE 2 Teralynx 10 50% § <520W typical power lower ~1 § Independently validated1 § Advanced 5nm process § Power-efficient architecture 12.8T Teralynx 7 51.2T Teralynx 10 Teralynx 7 test conditions: Teralynx 10 test conditions: 1. Delta Networks Inc. 12.8 Tbps with 32 opt

14. Slide 14: Marvell Teralynx programmable architecture

    Marvell Teralynx programmable architecture Future-proofing Inventory flexibility © 2024 Marvell. All rights reserved. 14

15. Slide 15: Reconfigurable for cross-cloud applications

    Reconfigurable for cross-cloud applications DC ToR DC leaf/spine AI cluster DC edge One device can serve multiple DC use cases © 2024 Marvell. All rights reserved. 15

16. Slide 16: Complete deployment-ready solution

    Complete deployment-ready solution Silicon System Software Production-quality High-speed, ODM/OEM Open-source silicon characterized reference design tools SAI & SONiC designs © 2024 Marvell. All rights reserved. 16

17. Slide 17: Industry shift to open operating system software

    Industry shift to open operating system software Traditional Open Server OS Proprietary Network OS Proprietary © 2024 Marvell. All rights reserved. 17

18. Slide 18: Open software enables deployment flexibility

    Open software enables deployment flexibility Faster Normalized Multi-vendor Freedom Rapid development feature set interoperable from lock-in supply scaling The new paradigm for hyperscale network deployment © 2024 Marvell. All rights reserved. 18

19. Slide 19: Democratizing data center network infrastructure

    Democratizing data center network infrastructure Other Mixed-vendor HW environment enables rapid network scaling © 2024 Marvell. All rights reserved. 19

20. Slide 20: Key takeaways

    Key takeaways 1 Marvell 51.2 Tbps in production and shipping in volume now 2 Architecture optimized for AI and cloud network demands 3 Low-latency, low-power, high-bandwidth, programmable platform 4 Full HW/SW solution enabling cloud AI shift to open networking © 2024 Marvell. All rights reserved. 2

21. Slide 21: Thank You

    Thank You

22. Slide 22: Marvell: Essential technology, done right

    ia MARVELL Essential technology, done right™

Marvell Technology — Investor Presentation (July 2024) on 6ix