Marvell completes the acquisition of cavium to reinforce its leadership
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Marvell today announced that it has completed the acquisition of Cavium, Inc, resulting in a combination that creates a leading semiconductor sector company focused on the infrastructure market.
Marvell is reinforced with the purchase of Cavium
With this acquisition, Marvell strengthens itself with customers, offering a portfolio of products related to storage, processing, networks, wireless connectivity and security that are unmatched in the industry. Applications such as AI, 5G, the cloud, the automotive and cutting edge industries require engineering solutions that combine high bandwidth, very low power consumption and leadership in complex systems in chip solutions. As a combined company, you will be able to offer a broad portfolio of infrastructure solutions, and a talented team of innovators, ready to tackle the toughest customer challenges.
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Marvell also announced that Syed Ali, Brad Buss and Dr. Edward Frank have been appointed to the Board of Directors with immediate effect after the closing of the acquisition. Syed Ali was a co-founder of Cavium and has served as President, CEO and Chairman of the Board of Directors since the company's launch in 2000. Brad Buss has served as Director of Cavium since July 2016. Mr. Buss also served as CFO of SolarCity from 2014 to 2016 and CFO of Cypress Semiconductor from 2005 to 2014. He currently serves on the board of directors for Tesla Motors and Advance Auto Parts.
Dr. Edward Frank has been a director of Cavium since July 2016. Co-founder of the startup Cloud Parity, he was its CEO until September 2016. Previously, he served as Vice President of Macintosh Hardware Systems Engineering at Apple from 2009 to 2013 and, before Apple, he worked at Broadcom Corporation from 1999 to 2009, where he was Vice President. Corporate Research and Development.
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