Sound-out: 墨 (mò) → 'Mur-' (with the 'r' colored vowel), 非 (fēi) → '-phy.' The standard mainland spelling is actually 墨菲, which is more common in published material; 墨非 is a variant transliteration seen in subtitles and older translations.
culture
The most famous bearer is Murphy himself — the apocryphal engineer behind 墨菲定律 ('Murphy's Law'). Also the surname of Cillian Murphy (Oscar-winning actor of *Oppenheimer* and *Peaky Blinders*) and Eddie Murphy (the comedian).