Marvell retains partial role in Amazon’s Trainium 3/4 designs, says Benchmark

Benchmark reiterates a Hold rating on Marvell (MRVL), telling investors in a research note that following further industry discussions, it appears Marvell did not lose Amazon’s (AMZN) Trainium3 and 4 designs to Alchip, and instead, Amazon added Alchip for additional design support while Marvell retains a position. Marvell’s continued involvement leverages its strengths in specialized IP blocks like HBM and I/O, though Amazon is licensing PCIe SerDes from Synopsys (SNPS) rather than Marvell, the firm says, adding that while retention of part of Trainium3 is positive, the engagement represents a contraction relative to Trainium2.