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SANTA CLARA, Calif., April 12, 2021 /PRNewswire/ Marvell Technology Group Ltd. (NASDAQ: MRVL) ( Marvell ) announced today that its wholly owned subsidiary, Marvell Technology, Inc. ( MTI ), has closed its previously announced offering of: (i) $500,000,000 aggregate principal amount of 1.650% Senior Notes due 2026 (the 2026 Notes ), (ii) $750,000,000 aggregate principal amount of 2.450% Senior Notes due 2028 (the 2028 Notes ) and (iii) $750,000,000 aggregate principal amount of 2.950% Senior Notes due 2031 (the 2031 Notes and, together with the 2026 Notes and the 2028 Notes, the Notes, and such offering, the Notes Offering ). The Notes were sold pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act ), to purchasers in the United States and pursuant to Regulation S under the Securities Act to purchasers outside of the United States.
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Global Wireless Connectivity Market Report 2020-2025 - Significant Financial Support from Governments for R&D in the Internet of Things
April 08, 2021 04:23 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
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The Global Wireless Connectivity Market is Estimated to Grow from USD 69.0 Billion in 2020 to USD 141.1 Billion by 2025, at a CAGR of 15.4%.
The major factors driving the wireless connectivity industry growth are increased demand for wireless sensor networks in the development of smart infrastructure, a significant increase in the internet penetration rate, growth in adoption of the internet of things (IoT), increasing trends like work from home and virtual learning pertaining to the COVID-19 pandemic, increased demand for low-power wide-area (LPWA) networks in the IoT applications.