SANTA CLARA, Calif.,
Sept. 19, 2019 /PRNewswire/
-- Marvell (NASDAQ: MRVL) today announced that it has
completed its acquisition of Aquantia, Corp. (NYSE: AQ).
Aquantia pioneered Multi-Gig technology – now the basis for
high speed networking in a broad range of applications from
enterprise campuses to autonomous cars. Marvell's combined
portfolio of industry-leading PHYs, switches and processors creates
an unparalleled networking platform and enables customers to
develop systems that span megabits to terabits per second.
"Our acquisition of Aquantia adds highly innovative networking
solutions and tremendous engineering talent, allowing us to create
an industry-leading mixed signal design team with a
well-established track record of execution," said Matt Murphy,
president and CEO of Marvell. "We're now better positioned to
capitalize on market opportunities spanning our enterprise, data
center and automotive customers. In particular, Marvell is
poised to transform high speed in-vehicle networking and ultimately
empower the future of autonomous driving."
As part of the acquisition, Aquantia's Chairman and CEO,
Faraj Aalaei, is joining Marvell in
a senior leadership position.
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 company's storage, processing, networking, security
and connectivity solutions. With leading intellectual property and
deep system-level knowledge, Marvell's semiconductor solutions
continue to transform the enterprise, cloud, automotive, industrial
and consumer markets. To learn more, visit:
https://www.marvell.com.
Marvell Media Relations
Kristin Hehir
Senior Manager, Public Relations
408-222-8744
kristinh@marvell.com
Hanna Kang
Senior Manager, Public Relations
408-222-3780
hhkang@marvell.com
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SOURCE Marvell