- Samsung Electronics Co Ltd SSNLF and Marvell Technology Group Ltd MRVL announced the development of a new System-on-a-Chip (SoC) for the enhancement of the 5G network performance.
- The SoC, which would be used in Samsung's Massive MIMO and other advanced radios, was slated for market introduction to Tier One operators during the second quarter of 2021.
- The new SoC was prepared to support 5G and 4 G's simultaneous networking and save up to 70% in chipset power consumption compared to previous solutions.
- Last year, the companies announced a partnership to develop new 5G products, including innovative radio architectures to address the compute power required for Massive MIMO deployments.
- Price action: MRVL shares traded lower by 2.94% at $43.92 on the last check Thursday.
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