Marvell CEO says chip customers more concerned about supply than price

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Marvell Technology Inc (MRVL.O) customers have broadly been willing to accept price increases in exchange for steady chip supply, the company’s chief executive said on Thursday as it reported better-than-expected quarterly sales.

“It really is a discussion and engagement with each of your customers,” CEO Matt Murphy told Reuters in an interview. “Ultimately, what they care about is capacity? ‘Can you supply me? If you can’t get me the parts, why would I agree to a price increase?'”

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