This excerpt taken from the MRVL 10-K filed Apr 14, 2005.
Capitalize on Widely Available Manufacturing Processes and Fabless Operating Model
We intend to continue to use widely available processes to manufacture our advanced analog, mixed-signal, digital signal processing and embedded microprocessor products. We believe this will better enable us to reliably manufacture our products in volume, thereby decreasing our time-to-market and costs, while also facilitating the development of highly integrated products. We have developed our own embedded memory technology for complex System-on-Chip designs. We are also in the process of developing products that integrate our core mixed-signal, digital signal processors and embedded microprocessors with other internal solutions. We are further developing and are in production with various products integrating our customers' silicon components and on-chip memory with our own technology.
We are a fabless integrated circuit manufacturer in the sense that we rely on third parties to manufacture, assemble and test our products. Our fabless model allows us to focus our resources on the development of proprietary and innovative mixed-signal and digital signal processing designs, while reducing capital and operating infrastructure requirements.