MARVELL TECHNOLOGY GROUP LTD. (NASDAQ:MRVL) Files An 8-K Entry into a Material Definitive Agreement
MARVELL TECHNOLOGY GROUP LTD Exhibit
EX-99.1 2 d756480dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 NXP to Acquire Marvells Wi-Fi Connectivity Business NXP to Pay $1.76 Billion in Cash for Marvells Wi-Fi and Bluetooth/BLE Combo Solutions Portfolio Captures Premium Valuation and Unlocks Substantial Marvell Shareholder Value SANTA CLARA,…
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About MARVELL TECHNOLOGY GROUP LTD. (NASDAQ:MRVL)
Marvell Technology Group Ltd. is a fabless semiconductor provider of application-specific standard products. The Company is engaged in the design, development and sale of integrated circuits. The Company develops System-on-a-Chip (SoC) and System-in-a-Package (SiP) devices. Its product portfolio includes devices for data storage, enterprise-class Ethernet data switching, Ethernet physical-layer transceivers (PHY), wireless connectivity, Internet-of-Things (IoT) devices and multimedia solutions. Its products serve various applications used in carrier, metropolitan, enterprise and personal computer (PC)-client data communications, and storage systems. In addition, the Company serves the consumer electronics market for the convergence of voice, video and data applications. The Company relies on independent, third-party contractors to perform manufacturing, assembly and test functions. The Company offers its products to sectors, including storage, networking, and mobile and wireless.