Today, Marvell Technology officially announced the completion of its acquisition of Cavium. After the acquisition, Marvell will focus on the infrastructure market, providing customers with the industry's leading portfolio of storage, processing, networking, wireless connectivity and security products.
At the same time, Marvell also announced that Syed Ali, Brad Buss and Dr. Edward Frank have been appointed as members of the Marvell Board of Directors and will take effect immediately upon completion of the merger.
Syed Ali is the co-founder of Cavium and has served as its President, CEO and Chairman of the Board since its inception in 2000.
Brad Buss has served as a director of Cavium since July 2016. He also served as CFO of SolarCity from 2014 to 2016 and as CFO of Cypress Semiconductor from 2005 to 2014. He is currently a board member of Tesla Motors and Advance Auto Parts.
Dr. Edward Frank has served as a director of Cavium since July 2016. He is also the co-founder of startup Cloud Parity and served as its CEO until September 2016. Previously, he served as vice president of Apple's Macintosh hardware systems engineering division from 2009 to 2013. Prior to joining Apple, he worked at Broadcom Corporation from 1999 to 2009 as Vice President of R&D. In addition, Dr. Frank is also a board member of Analog Devices and Quantenna.
Matt Murphy, President and CEO of Marvell, said: "The next growth in the semiconductor industry will undoubtedly be driven by the growth of the data economy. Applications such as artificial intelligence, 5G, cloud, automotive and edge computing need high bandwidth, low power consumption and engineering solution that combines the advantages of leading complex system chips. After the merger of the two companies, we now offer industry-leading IP, a broad portfolio of infrastructure solutions, and an innovative team that can meet the toughest customer challenges. We are very happy to start a new journey."
