Importantly, we will continue to operate as independent companies until all required approvals are received
and the transaction is closed. Its business as usual until that time, so please stay focused on your work and current priorities. I assure you that we will keep everyone posted on our progress.
In conjunction with this transaction, a newly formed Delaware corporation will become the holding company for Marvell and Inphi. Marvell is a charter member
of the U.S. Semiconductor Industry Association, an industry that is critical to the worlds economy. Semiconductors provide the foundation upon which our digital economy is built, and as we have transformed to focus on data infrastructure and
re-launched our new brand earlier this year, emerging from this transaction as a U.S. corporation is the right move for the combined companys long-term success.
Im sure you have questions, so we have scheduled a special all-employee meeting on Monday, Nov. 2 at 2pm PT. To help us prepare, please send your
questions to Jim Pascoe and we will do our best to answer as many of them as possible. I also encourage you to visit MyMarvell where you can review an initial FAQ, and as always, you can speak with your manager regarding any specific questions you
may have.
This is an exciting time to be at Marvell. We have a huge opportunity in front of us with thriving businesses in the fastest growing segments
of the semiconductor industry, and with Inphi, we can accelerate our strategy for Cloud and 5G, and move even faster.
I hope you share my enthusiasm
about the very bright future ahead. In the meantime, I want to thank you for your ongoing focus and commitment to Marvell and our customers.
Matt
About Marvell
Marvell first revolutionized the digital
storage industry by moving information at speeds never thought possible. Today, that same breakthrough innovation remains at the heart of the companys storage, processing, networking, security and connectivity solutions. With leading
intellectual property and deep system-level knowledge, Marvells semiconductor solutions continue to transform the enterprise, cloud, automotive, industrial and consumer markets. To learn more, visit: www.marvell.com.
Marvell and the M logo are registered trademarks of Marvell and/or its affiliates in the US and/or elsewhere. Other names and brands may be claimed as the
property of others.
About Inphi
Inphi is a leader
in high-speed data movement. Inphi moves big data fast, throughout the globe, between data centers, and inside data centers. Inphis 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. Customers rely on Inphis 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. All other trademarks used herein are the property of their respective owners.
Investor Contacts:
Marvell Investor Relations:
Ashish Saran
408-222-0777
ir@marvell.com
Inphi Corporate Contact:
Vernon P. Essi, Jr.
408-606-6524
investors@inphi.com
Additional Information and
Where to Find It
This communication relates to a proposed transaction between Marvell and Inphi. In connection with the proposed transaction,
Marvell and Inphi will cause the newly formed company which will become the holding company of Marvell and Inphi following the transaction (HoldCo) to file a registration statement on Form S-4 with
the Securities and Exchange Commission (the SEC), which will include a document that serves as a joint proxy statement of Marvell and Inphi and a prospectus of HoldCo referred to as a joint proxy statement/prospectus. A joint proxy
statement/prospectus will be sent to all Inphi stockholders and all Marvell shareholders. Each party also will file other documents regarding the proposed transaction with the SEC. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS OF
INPHI AND