Qualcomm Incorporated (QCOM) and Marvell Technology, Inc. (MRVL) are two prominent players in the semiconductor chip industry. QCOM in San Diego, Calif., is a multinational semiconductor and telecommunications equipment company that develops and delivers products and services based on code-division multiple access (CDMA) technology used in digital wireless communications equipment and satellite ground stations. In comparison, Hamilton, Bermuda-based MRVL is a semiconductor manufacturer that offers a security and networking platform, secure data processing, networking, and storage solutions. It designs, develops, and sells analog, mixed-signal, digital signal processing, embedded and standalone integrated circuits, and a portfolio of Ethernet solutions.
Despite the semiconductor chip shortage and supply chain disruptions worldwide, global semiconductor sales increased 24% year-over-year to $49.7 billion in November 2021, driven by surging demand from several industries and rising government and corporate investments. Along with increased production, export controls on critical goods and the passage of the America COMPETES Act by the U.S. House of Representatives are expected to ease the chip shortage later this year.
