Inphi Acquires Resources from Arrive Technologies to Expand Design Resource Infrastructure
August 04 2020 - 7:00AM
Inphi Corporation (NYSE: IPHI), a leader in high-speed data
movement interconnects, today announced that it has acquired
certain assets from Arrive Technologies, located in Ho Chi Minh
City, Vietnam. The addition of these resources will provide Inphi
with front-end design, verification, validation and firmware skills
that complement Inphi’s existing design teams in Singapore and
Vietnam. Financial terms of the transaction were not disclosed.
“Resource allocation for new projects is an industry challenge.
With the acquisition of resources from Arrive, we are now able to
dedicate a world-class engineering team to projects targeting our
cloud and telecom customers,” said Ford Tamer, President and CEO of
Inphi Corporation. “We welcome the team from Arrive to the Inphi
family and are excited to advance our shared commitments in driving
successful customer engagement, industry-leading innovation and
best of class execution.”
Arrive Technologies, founded in 2001, has 112 employees
primarily located in Ho Chi Minh City, Vietnam. The team from
Arrive has strong design capabilities in embedded software, digital
ASIC, post silicon validation and FPGA emulation. The team has
designed highly complex transport framers and products including
pseudowire and circuit emulation functions with domain expertise
including, but not limited to, OTN/SONET, FEC, PTP, and Security
(IPsec). Arrive had been engaged with many of Inphi’s system OEM
customers in the cloud, telecom and 5G markets. The team’s
front-end design and firmware capabilities complement Inphi’s skill
sets in South East Asia, with our analog and optical design teams,
and analog layout teams in Singapore, our existing digital backend
team in Ho Chi Minh City, Vietnam and our operations center in
Penang, Malaysia.
Forward-Looking StatementsThis
press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Such statements contain words such as "believe," "will," and
"expect," or the negative thereof or comparable terminology, and
include (without limitation) statements regarding the acquisition
of Arrive and expectations regarding the impact thereof, including
impact on talent acquisition, customer service, as well as the
financial impacts of the acquisition. Forward-looking statements
involve certain risks and uncertainties, and actual results may
differ materially from those discussed in any such statement. These
risks include, but are not limited to: Inphi’s ability to
successfully integrate the assets of Arrive, including retention of
key personnel of Arrive and maintaining sales to existing Arrive
customers, the impact on Inphi’s financial performance, the ability
to extend product offerings into new areas or products, the ability
to commercialize technology, unexpected occurrences that deter the
full documentation and "bring to market" plan for products, trends
and fluctuations in the industry, changes in demand and purchasing
volume of customers, unpredictability of suppliers, the ability to
attract and retain qualified personnel, the ability to move product
sales to production levels, the ability to compete for client
design-in opportunities, the ability to cross-sell to new clients
and to diversify, and the success of product sales in new markets
or of recently produced product offerings, including bundled
product solutions. Additional factors that could cause actual
results to differ are discussed under the heading "Risk Factors"
and in other sections of the Inphi filings with the SEC, and in its
other current and periodic reports filed or furnished from time to
time with the SEC. All forward-looking statements in this press
release are made as of the date hereof, based on information
available to Inphi as of the date hereof, and Inphi assumes no
obligation to update any forward-looking statement.
About Inphi
Inphi Corporation is a leader in high-speed data movement.
We move big data -- fast, throughout the globe, between data
centers, and inside data centers. Inphi's expertise in signal
integrity results in reliable data delivery, at high speeds, over a
variety of distances. As data volumes ramp exponentially due
to video streaming, social media, cloud-based services, and
wireless infrastructure, the need for speed has never been
greater. That's where we come in. Customers rely on Inphi's
solutions to develop and build out the Service Provider and Cloud
infrastructures, and data centers of tomorrow. To learn more
about Inphi, visit www.inphi.com.
Inphi, the Inphi logo and Think fast are registered
trademarks of Inphi Corporation. All other trademarks used herein
are the property of their respective owners.
Investor Contact:
Vernon P. Essi, Jr.
408-606-6524
vessi@inphi.com
Corporate Contact:
Kim Markle
408-217-7329
kmarkle@inphi.com
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