SANTA
CLARA, Calif., Aug. 22,
2022 /PRNewswire/ -- Marvell (NASDAQ: MRVL) today
released its inaugural Environmental, Social and Governance
(ESG) Report detailing the company's goals, strategic approach and
commitment to building a sustainable future.
Cloud computing, 5G connectivity, smart automobiles and the
borderless enterprise are the megatrends of today's connected world
— and each of them benefits from the use of Marvell technology.
With the industry's most complete advanced data infrastructure
portfolio, Marvell recognizes the responsibility to intentionally
integrate ESG attributes into its designs, supply chain, and
programs to make Marvell a trusted supplier to customers and a
great place to work for employees.
"As active members of our communities, it is important that
Marvell addresses environmental and social topics with a clear set
of objectives and priorities," said Matt
Murphy, President and Chief Executive Officer, Marvell. "Our
ESG report details Marvell's commitment to continuing to make a
responsible and sustainable impact across our supply chain, partner
and customer ecosystem, and diverse employee community."
The report can be found at www.marvell.com/company/esg.html.
Forward-Looking Statements
This press release and the
related ESG report contains forward-looking statements regarding
future events and our future results that are subject to the safe
harbor created under the Private Securities Litigation Reform Act
of 1995 and other safe harbors under the Securities Act of 1933 and
the Securities Exchange Act of 1934. All statements other than
statements of historical fact are statements that could be deemed
forward-looking statements. These statements are based on current
expectations, estimates, forecasts and projections about the
industries in which we operate and the beliefs and assumptions of
our management. Words such as "expects," "anticipates," "targets,"
"goals," "projects," "intends," "plans," "believes," "seeks,"
"estimates," "objectives," "goals," "strategy," "continues,"
"endeavors," "strives," "may," "could" and "will," and variations
of such words and similar expressions are intended to identify such
forward-looking statements. In addition, any statements that refer
to goals, commitments, programs, timelines, business plans,
targets, initiatives and objectives relating to our ESG endeavors;
future energy and water usage and emissions and waste reductions;
projections regarding our future financial performance; our
anticipated growth opportunities and trends in our businesses; our
rapid growth; the effects of business, economic, political, legal
and regulatory impacts or conflicts upon our global
operations; general economic conditions such as economic
slowdowns, recessions, inflation, and stagflation; changes in
demand for semiconductors and the related changes in demand and
supply for our products; manufacturing delays, product availability
and supply chain disruptions or component shortages; recruiting or
retaining our personnel; our future liquidity, capital needs and
capital expenditures; our development of technologies and research
and development investments; the impact of the COVID-19 pandemic on
our business, financial condition and results of operations; our
future market position and expected competitive changes in the
marketplace for our products; our expected tax rate; the effect of
changes in or the application of new or revised tax or export laws;
expected cost savings; the effect of new accounting pronouncements;
integrating or realizing the benefits or synergies expected of
acquired businesses and technologies; and other characterizations
of future events or circumstances are forward-looking statements.
Readers are cautioned that these forward-looking statements are
only predictions and are subject to risks, uncertainties and
assumptions that are difficult to predict, including those
described in the "Risk Factors" section of our Annual Reports on
Form 10-K, Quarterly Reports on Form 10-Q and other documents filed
by us from time to time with the SEC. Therefore, actual results may
differ materially and adversely from those expressed in any
forward-looking statements. We undertake no obligation to revise or
update any forward-looking statements, including to reflect events
or circumstances occurring after the date of this report, except to
the extent required by law.
About Marvell
To deliver the data infrastructure
technology that connects the world, we're building solutions on the
most powerful foundation: our partnerships with our customers.
Trusted by the world's leading technology companies for over 25
years, we move, store, process and secure the world's data with
semiconductor solutions designed for our customers' current needs
and future ambitions. Through a process of deep collaboration and
transparency, we're ultimately changing the way tomorrow's
enterprise, cloud, automotive, and carrier architectures
transform—for the better.
Marvell and the M logo are trademarks of Marvell or its
affiliates. Please visit www.marvell.com for a complete list of
Marvell trademarks. Other names and brands may be claimed as the
property of others.
For further information, contact:
Kim Markle
pr@marvell.com
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SOURCE Marvell