Marvell Postpones Investor Day, Narrows Revenue Forecast Amid Trade-Driven Economic Uncertainty

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Marvell Technology, a major player in networking and custom AI chips, announced Tuesday it is postponing its upcoming investor day due to what it called a “dynamic macroeconomic environment,” citing ongoing global trade tensions and economic uncertainty. The decision spooked investors, sending Marvell shares down more than 6% in after-hours trading.

The company also narrowed its Q1 fiscal 2026 revenue guidance, now expecting approximately $1.875 billion, within a tighter range of ±2%, compared to its prior forecast of ±5%. The midpoint of the outlook remains unchanged.

The announcement comes as semiconductor and computing firms navigate turbulent waters driven by shifting U.S. trade policy under President Donald Trump. Although Trump paused a sweeping new import tariff plan for 90 days starting April 9 to allow negotiations, a baseline 10% tariff and additional duties on key partners remain in place, impacting global supply chains and corporate planning.

Marvell’s COO Chris Koopmans previously stated that tariffs had not yet affected the company’s data center segment, but broader concerns linger industry-wide. Nvidia recently warned of a $5.5 billion impact due to U.S. export restrictions on AI chips bound for China, while ASML raised caution over its future sales outlook.

The postponement of Marvell’s investor day suggests the company may be waiting for greater clarity on trade policies and economic stability before providing long-term strategic updates to shareholders.

Meta’s Lawsuit Against NSO Unveils Rare Details of Global Spyware Industry

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Meta’s $168 million court victory against Israeli spyware maker NSO Group has not only concluded a protracted six-year legal battle but also offered an unprecedented look into the shadowy world of cyberespionage, where elite surveillance tools come with multimillion-dollar price tags and state-level buyers.

A California federal jury found NSO guilty of unlawfully hacking WhatsApp servers to target users on behalf of foreign intelligence agencies, awarding Meta both compensatory and punitive damages. The lawsuit, first filed in 2019, became a landmark case for digital privacy advocates and a rare legal showdown against a prominent spyware firm.

Top-Tier Spyware Comes at a High Cost

Testimony revealed that NSO charged European clients about $7 million for access to its spyware platform capable of hacking up to 15 devices simultaneously. For additional capabilities—like hacking phones outside of a client’s national borders—customers paid up to $2 million more, according to Sarit Bizinsky Gil, NSO’s VP of global business operations.

Meta’s attorney Antonio Perez called the software “highly sophisticated” and “extremely expensive,” underscoring the elite and dangerous nature of such tools.

Thousands of Devices Compromised

Between 2018 and 2020, NSO broke into thousands of devices, according to Tamir Gazneli, the company’s VP of R&D. He downplayed the term “spyware,” insisting the tools were used for “intelligence gathering,” not spying on people. In a tense exchange, Perez asked, “You don’t consider the targets people, Mr. Gazneli?” — a question that revealed how NSO distances itself from the ethical weight of its clients’ actions.

U.S. Agencies Paid Millions

Court records showed that the CIA and FBI collectively paid NSO $7.6 million. While prior media reports suggested U.S. involvement, this trial provided the first official financial confirmation, including a CIA-backed spyware purchase for Djibouti and FBI testing efforts.

NSO Continued Hacking During Litigation

Meta alleged that NSO continued to target WhatsApp servers even after the lawsuit was filed, saying the firm “poses a significant threat of ongoing and prospective harm.” Meta is now seeking a permanent injunction to block NSO from accessing its platforms.

This case has not only highlighted the legal vulnerabilities of spyware vendors but also peeled back layers of secrecy surrounding government surveillance contracts, client relationships, and the massive scale of digital intrusions involved.

SK Group Chairman Chey Apologizes for Major SK Telecom Data Breach, Pledges Security Overhaul

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SK Group Chairman Chey Tae-won issued a public apology on Wednesday following a significant data breach at SK Telecom, South Korea’s largest mobile carrier, which has sparked alarm among its 23 million users over potential theft of personal and financial information.

The breach, detected on April 18, was attributed to a malware attack, and has led to widespread concern and customer action. Thousands have visited SK Telecom outlets to replace their USIM (Universal Subscriber Identity Module) cards, which the company is offering free of charge.

Chey, speaking for the first time since the breach became public, said, “I believe we need to look at this as a matter of national defence, not just (data) security.” He acknowledged a need for a more comprehensive and strategic approach to cybersecurity, noting that the company previously treated such threats as a standard IT issue handled internally.

In response to the breach, SK Telecom has launched a USIM Protection Service, which it says provides equivalent protection to replacing the USIM card. Chey confirmed he enrolled in the service but had not yet replaced his own card.

The chairman also pledged a full-scale security review involving external cybersecurity experts to prevent similar incidents in the future and restore public trust in the company’s data protection capabilities.