Marvell Technology, Inc., a leader in data infrastructure semiconductor solutions, announced it has completed its acquisition of Inphi Corporation, creating a U.S. semiconductor powerhouse positioned for end-to-end technology leadership in data infrastructure.
“I am excited to welcome the Inphi team to Marvell and look forward to realizing the tremendous value creation potential of this combination for our customers, employees and shareholders. Together we will have the portfolio, capabilities, and scale to expand Marvell’s leadership in its key growth end markets of 5G, Cloud, and Automotive,” said Matt Murphy, president and CEO of Marvell. “I am also pleased that we are now organized as a U.S. company and we look forward to continuing to drive innovation in semiconductor technology critical to the nation’s data economy.”
Marvell also announced that Dr. Ford Tamer has been appointed to the Board of Directors of Marvell, effective immediately upon close of the acquisition.
Dr. Ford Tamer served as Inphi’s President and Chief Executive Officer for more than nine years. Under Dr. Tamer’s stewardship, Inphi became the trusted market leader for electro-optics solutions for cloud and telecom operators, increasing revenue from these customers more than 20 times during his tenure, to an annual run rate of about $750 million.
For more information about this news, visit www.marvell.com.