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April 2nd, 2020

Taking care of our People and our Communities

By Matt Murphy, President and Chief Executive Officer, Marvell

The world as we knew it just a few months ago may never be quite the same again. This pandemic has created an extraordinary crisis that will test our systems and our values alike. It also reminds us of what we hold most dear – our personal connections with other people. As billions of us shelter in our homes around the clock – working, exercising, educating, and sharing the same space – it is an opportunity to appreciate quality time with our immediate family. But we are also missing our connections with loved ones who aren’t under the same roof, and worry about the health and safety of our more vulnerable relatives. We miss seeing our colleagues at work – not on a computer screen, but in hallways and over lunch. And we miss seeing friends in our communities, enjoying a meal at our favorite restaurant, shopping at the farmers market, and hiking in our now shuttered parks.

So, as the world confronts this pandemic, my thoughts turn to our people – protecting and supporting our employees, their families, and the neighborhoods in which we live and work. The toll this pandemic is inflicting on our communities is enormous and disproportionate in its impact on low-income and hourly-wage workers who are finding it hard or impossible to an earn income as workplaces are closed and workers furloughed.

In the face of this unfolding crisis, it is incumbent on businesses to come together with public and civic organizations to help those most in need. Today, we announced what Marvell is doing:

  • Supporting our hourly workers: We are continuing to pay our hourly workers in full, as well as the service providers that support our facilities, regardless of whether they can fully perform their duties.
  • Supporting our communities: We have created a $1.5 million Community Relief Fund to support those most impacted in the communities where the company has a significant presence. As a part of this fund, Marvell will match 100% of employee donations to selected COVID-19 relief funds up to $2,500 per employee.
  • Silicon Valley Strong: We are making an initial $250,000 donation from the Community Relief Fund to Silicon Valley Strong in conjunction with the Silicon Valley Community Foundation to support Santa Clara County’s Homelessness Prevention System by providing financial assistance to low income residents who have lost income as a result of COVID-19.
  • Second Harvest of Silicon Valley:  In addition to the Community Relief Fund, as long as the cafeteria at our headquarters in Santa Clara remains closed, Marvell will donate its entire grocery budget, $250,000 per month, to Second Harvest of Silicon Valley. Second Harvest is one of the nation’s largest food banks and is focused on ensuring everyone in the community who needs a healthy meal can get one.
  • Supporting small businesses: Many of our smaller vendors who already operate on thin margins may struggle during this time, and we will be flexible to accelerate payments to them to aid with cash flow issues during this crisis.

Inevitably, times of crisis test us all. In today’s almost surreal environment of dislocation and uncertainty, I have never been prouder of our team, our perseverance as a company, and our commitment to helping others. We are in the fortunate position of being able to support our people, and give back to our communities, at a time when it really counts. I know that together we will overcome this pandemic to build a better future for everyone.

Thank you and stay healthy.

Matt

March 31st, 2020

Matt Murphy Shares Market Insights on CNBC’s Squawk Alley

By Stacey Keegan, Senior Director, Corporate Communications, Marvell

Marvell President and CEO, Matt Murphy, joined Jim Cramer and the team of CNBC’s Squawk Alley to talk about the impact of COVID-19 on the semiconductor market, including 5G, the broader business community and the company’s unwavering mission.

Matt shared his thoughts on the critical role that semiconductor technology plays in the current world crisis, particularly given the excess load that has been put on every nation’s data infrastructure due to remote work. And, how semiconductors are the essential building blocks of the networks of the world – from 5G to cloud infrastructure to advanced interconnect products.

“Companies are re-thinking their work force and footprint and 5G is a critical part of that. “5G will play a key role not only because of the bandwidth, improved data rates, but the lower latency and improved reliability of that network I think will be a big deal for remote work and different ways of working in the future.”

In terms of COVID-19’s impact on Marvell, Matt shared that the company is “strong, healthy and aligned to strong growth in end markets.” He emphasized that there are no plans to do lay-offs because of COVID-19. The company’s current “mission”, Matt stated, is to enable Marvell’s employees to take care of customers, themselves and their families.

To that end, Matt praised the Marvell team and touted the fact that the company recently taped out one of the largest and most complex chips in the history of Marvell, from home, and on schedule.

“I just could not be prouder of our team and how well they have been doing during this very dramatic change in how we operate.”

To hear more from Matt and the discussion with Jim Cramer and the CNBC Squawk Alley team, watch the full video below.

August 28th, 2019

Women Leaders Assemble in Silicon Valley to Talk About Gender Equality in Business

By Stacey Keegan, Senior Director, Corporate Communications, Marvell

Monday, August 26, marked the anniversary of the Nineteenth Amendment being signed into law and granting American women the constitutional right to vote.  To commemorate the impending 100-year celebration, the Silicon Valley Leadership Group kicked off a series of organized events meant to honor women trailblazers and host a call to women leaders from all walks of life.  Built into our core values around diversity and equality, empowering women to be leaders is important to Marvell and its executive leadership team, and the company was a proud sponsor of Monday’s event.

The day-long series of panel discussions celebrating the achievements of women since the suffrage movement took place at NASA’s Ames Research Center in Mountain View and was filled with some of the most accomplished women in Silicon Valley and the country.

Monday’s event featuring House Speaker Nancy Pelosi, the highest-ranking woman in U.S. politics and second in line to the presidency, Anna Eshoo, the Democratic congresswoman, whose district includes Moffett Field, and NASA astronaut, Megan McArthur, focused more broadly on women leadership and the state of gender equality in business.

The day included a panel called Women in Innovation and another named Women Leaders Across Generations, each moderated and filled with some of the top women at local and national companies like Silicon Valley Bank, Ripple, eBay, AT&T, Genentech, NASA, Marvell, Micron, and the San Francisco 49ers. Marvell’s Chief Compliance Officer, Regan MacPherson, moderated the latter during which science and tech executives used their own experiences to frame a conversation on how far women have come and how far they still must go.

June 11th, 2019

Matt Murphy Talks Marvell Transformation, Four Deals and 5G with Jim Cramer of CNBC’s Mad Money

By Stacey Keegan, Senior Director, Corporate Communications, Marvell

Marvell President and CEO Matt Murphy joined Jim Cramer, host of the widely acclaimed finance television program, Mad Money, for an engaging discussion on where Marvell has been and where the company is headed.

Jim was interested in learning more about the four deals that Marvell announced over the last month including the acquisitions of Aquantia and Avera, and the 5G growth opportunities moving forward.

In his interview with Jim, Matt highlighted the key technologies needed to play in the infrastructure market—processors, networking, storage and security—all of which Marvell has.  Aquantia helps Marvell strengthen its move to the connected car where a best-in-class network is needed to address the trends in autonomous vehicles, electrification, and safety/security, and the shift from analog interfaces to Ethernet technology.

With the acquisition of Avera, Marvell essentially double downs on 5G, Matt explains.  He emphasizes that the 5G cycle is just beginning —“not even in the first inning yet”— with the build-out of this infrastructure starting now and continuing robustly through 2020.  Avera’s biggest end market exposure is base stations and Avera will enable a new custom chip design business for Marvell.

To hear more from Matt and Jim’s discussion, and learn about how Marvell is at the infrastructure epicenter to address 5G, the cloud, AI, enterprise hardware and the connected car, click the below video.

Marvell Technology CEO: We are ‘extremely well positioned’ for 5G from CNBC.

June 10th, 2019

Marvell Teams with Deloitte to Give Back to the Community

By Stacey Keegan, Senior Director, Corporate Communications, Marvell

The Marvell Finance team, in partnership with Deloitte, has undergone a significant transformation over the past three years to ensure the delivery of error-free financial reporting and analytics for the business. After successfully completing another 10Q filing on June 7, the Marvell Finance team and Deloitte celebrated by giving back to the local community and volunteering at Salvation Army. Proceeds from the donations sold in Salvation Army Family Stores are used to fund the Salvation Army’s Substance Abuse program in downtown San Jose. The program provides housing, work preparedness and rehabilitation free of charge to registered participants.

This event demonstrates Marvell’s commitment to enriching the communities where we live and work. Well done, team.

June 6th, 2019

Marvell Supports GSA Women’s Leadership Initiative – Join Us!

By Regan MacPherson, Chief Compliance Officer

 

Women today comprise 47% of the overall workforce; however, only 15% choose engineering.  As part of Marvell’s commitment to diversity and inclusion in the workplace, the company is proud to support the GSA Women’s Leadership Initiative (WLI) to make an impact for women in STEM moving forward.

 

The GSA WLI seeks to significantly grow the number of women entering the semiconductor industry and increase the number of women on boards and in leadership positions.


As part of the initiative, which was announced yesterday, the GSA has established the WLI Council that will create and implement programs and projects towards meeting the WLI objectives.  WLI Council harnesses the leadership of women who have risen to the top ranks of the semiconductor industry.  Marvell’s own chief financial officer, Jean Hu, alongside 16 other women executives, will utilize their experiences to provide inspiration for and sponsorship of the next generation of female leaders.

 

“I am honored to be amongst a highly talented and diverse group of women at GSA WLI Council to help ensure that women are an integral part of the leadership of the semiconductor industry,” said Jean Hu, CFO of Marvell. “Marvell and GSA share a vision to elevate the women in STEM and support female entrepreneurs in their efforts to succeed in the tech industry.”

 

For more information on the GSA WLI, please visit https://www.gsaglobal.org/womens-leadership/. You can also join the Leadership group on LinkedIn to get involved.

 

 

October 23rd, 2018

Marvell Highlights Leadership in Infrastructure Semiconductor Solutions at Investor Day and Nasdaq

By Marvell, PR Team

Marvell shared its mission and focus on driving the core technology to enable the global network infrastructure at its recent investor day. This was followed up with an appearance at Nasdaq, where Matt Murphy, president and CEO of the company, rang the bell to open the stock exchange.

 

At both of these events in New York City, Marvell shared how far the company has come, where it was going, and reaffirmed its mission: To provide semiconductor solutions that process, move, store and secure the world’s data faster and more reliably than anyone else.

The world has become more connected and intelligent than ever, and the global network has also evolved at an astonishing rate. It’s imperative that the semiconductor industry advances even quicker to keep up with these new technology trends and stay relevant. Marvell recognizes that its customers, at the core or on the edge, face the daunting challenge of delivering solutions for this ever-changing world – today.

With both the breadth and depth of technology expertise, Marvell offers the critical technology elements — storage, Ethernet, Arm® processors, security processors and wireless connectivity — to drive innovation in the industry.  With the Cavium acquisition, the company retains its strong and stable foothold while competing more aggressively and innovating faster to serve customers better.

For Marvell the future isn’t a distant challenge: it is here with us now, evolving at an accelerated pace. Marvell is enabling new technologies such as 5G, disrupting new Flash platform solutions for the data center, revolutionizing the in-car network, and developing new compute architectures for artificial intelligence, to name a few.

Bringing the most complete infrastructure portfolio of any semiconductor company, Marvell is more than ready to continue on its amazing journey, and have its customers and partners alongside it on the cutting-edge—today, tomorrow and beyond.