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General

Marvell completes takeover of Cavium, appoints new directors to board

Monday 9 July 2018 | 09:43 CET | News
Marvell has closed its USD 6 billion acquisition of Cavium, saying the combination will create a leading semiconductor company focused on the infrastructure market, with a portfolio incorporating storage, processing, networking, wireless connectivity and security products. With the completion, Marvell has appointed, with immediate effect, three new members to its board of directors: founder Syed Ali, Brad Buss and Edward Frank. Financial details about the contribution from Cavium to Marvell's second quarter of fiscal 2019 will be given when the results are released.

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Categories: General
Companies: Cavium / Marvell
Countries: World
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