Marvell Technology, Inc. (MRVL) designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. On the other hand, Amkor Technology, Inc. (AMKR) provides outsourced semiconductor packaging and test services in the U.S., Japan, Europe, the Middle East, Africa, and the rest of the Asia Pacific.
The chip industry has witnessed a slowdown in recent times amid declining demand and rising recession fears. Semiconductor giants like QUALCOMM Incorporated (QCOM), Intel Corporation (INTC), and Advanced Micro Devices, Inc. (AMD) have lowered their near-term projections and are on a cost-cutting spree.
