SANTA
CLARA, Calif., Aug. 6, 2024
/PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a
leader in data infrastructure semiconductor solutions, today
announced that Microsoft—which extensively uses the
Marvell® LiquidSecurity® family
of HSMs to perform encryption, key management, and other security
functions within Azure—will update its fleet of LiquidSecurity HSMs
to the FIPS 140-3, Level-3 standard to further enhance its internal
security posture and the portfolio of security services offered to
its customers.
Marvell LiquidSecurity 1 and LiquidSecurity 2 hardware security
modules (HSMs) achieved FIPS 140-3 Level-3 certification from the
National Institute of Standards and Technology (NIST) in June.
Stringent FIPS 140-3 certification is required by many financial
institutions and government organizations and, to date, has largely
been available only with traditional HSMs for on-premise use.
"We congratulate Marvell on achieving NIST FIPS 140-3, Level-3
certification of its LiquidSecurity HSMs which power our Azure Key
Vault and Azure Key Vault Managed HSM services, and on which we
continue to innovate new offerings," said Soumya Subramanian, VP of Cloud Security
Engineering at Microsoft Azure. "Through our collaboration with
Marvell, we are able to offer Azure's customers the most secure and
compliant key management services available in Public, Sovereign or
Government clouds today."
FIPS 140 (Federal Information Processing Standard) is a set of
security requirements established by NIST (National Institute of
Standards and Technology) and managed by both the United States and Canada as part of the CMVP (Cryptographic
Module Validation Program). They specify the security requirements
that will be satisfied by a cryptographic module, providing four
increasingly stringent levels intended to cover a wide range of
potential applications and environments. Many government
organizations and financial institutions are mandated to use NIST
FIPS-certified HSMs for encryption and key management. Because of
the rigorous testing required to meet this certification, the use
of HSMs has grown across all markets and use cases have
proliferated.
FIPS 140-3 introduces several new security enhancements over
FIPS 140-2. This new NIST FIPS 140-3 certification will eventually
replace FIPS 140-2 certification as the latter will be moved to
Historical List by September 21,
2026.
Transforming Encryption Through Optimized Processors
LiquidSecurity devices were created to eliminate the friction
associated with achieving better security. A critical element of
global commerce, HSMs perform the authentication and encryption
processes behind secure key protection and management, credit
card purchases, ATM withdrawals, sign-in services and other
high-volume transactions. HSMs have historically been packaged as
1U and 2U server appliances running standard microprocessors. These
appliances are managed directly by HSM users and deployed on their
premises.
LiquidSecurity HSMs, by contrast, are PCIe-based devices powered
by OCTEON® DPUs and designed for use in dense
multi-tenant cloud environments. Six of the ten largest cloud
service providers use LiquidSecurity in their operations. A single
LiquidSecurity2 card can manage 100,000 pairs of encryption keys
and process more than one million operations per second. As a
result, cloud service providers can deliver HSM services while
consuming a fraction of the power, rack space and hardware required
by traditional HSMs. Meanwhile, HSM users can switch from the
complexity of managing hardware to the ease of subscribing to HSM
services. The cloud-based model for HSMs also reduces barriers to
employing HSM and encryption services for secure medical records
and other transactions.
Revenue from cloud-based HSMs is expected to grow from under 15%
today to over 40% by 2028, according to ABI Research.
"Marvell is uniquely positioned to take advantage of cloud-based
HSM demand in the market, and remains an industry leader in the
space," said Michela Menting, senior
analyst at ABI Research. "FIPS 140-3 represents the latest
milestone toward a more diverse and larger market for HSM
services."
"Marvell has been leading the effort to transform HSMs into
cloud-based devices since 2015," said Will
Chu, senior vice president and general manager of Custom
Compute and Storage at Marvell. "Microsoft has shared in this
vision of modernizing the HSM market and we are thrilled to
continue working side by side with Microsoft to help Azure
customers benefit from the latest security standards for the most
demanding applications deployed at cloud scale."
About Marvell
To deliver the data infrastructure technology that connects the
world, we're building solutions on the most powerful foundation:
our partnerships with our customers. Trusted by the world's leading
technology companies for over 25 years, we move, store, process and
secure the world's data with semiconductor solutions designed for
our customers' current needs and future ambitions. Through a
process of deep collaboration and transparency, we're ultimately
changing the way tomorrow's enterprise, cloud, automotive, and
carrier architectures transform—for the better.
Marvell and the M logo are trademarks of Marvell or its
affiliates. Please visit www.marvell.com for a complete list of
Marvell trademarks. Other names and brands may be claimed as the
property of others.
This press release contains forward-looking statements within
the meaning of the federal securities laws that involve risks and
uncertainties. Forward-looking statements include, without
limitation, any statement that may predict, forecast, indicate or
imply future events, results or achievements. Actual events,
results or achievements may differ materially from those
contemplated in this press release. Forward-looking statements are
only predictions and are subject to risks, uncertainties and
assumptions that are difficult to predict, including those
described in the "Risk Factors" section of our Annual Reports on
Form 10-K, Quarterly Reports on Form 10-Q and other documents filed
by us from time to time with the SEC. Forward-looking statements
speak only as of the date they are made. Readers are cautioned not
to put undue reliance on forward-looking statements, and no person
assumes any obligation to update or revise any such forward-looking
statements, whether as a result of new information, future events
or otherwise.
For further information, contact:
Kim Markle
pr@marvell.com
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