Marvell Celebrates Grand Opening of Marvell Building in Singapore
Building to House Regional Headquarters, Operations, Design, Sales and Technical Support
Santa Clara, California (November 20, 2008) – a href="http://www.marvell.com">Marvell (NASDAQ: MRVL), a leader in storage, communications and consumer silicon solutions, today officially opened Marvell Building in Singapore. The guest of honor for the event was the Singapore Senior Minister of State for Trade and Industry, Mr. S. Iswaran.
Speaking at the opening ceremony, Dr. Sehat Sutardja, Chairman, President and Chief Executive Officer of Marvell, said: "Marvell's new facility in Singapore will enable us to enhance the level of support and service we provide to our customers, while continuing our focus on innovation and excellence in semiconductor design. Our regional headquarters in Singapore sits at the heart of our Asia-Pacific operations and positions Marvell to expand its leadership role in this region."
For Marvell, Singapore is an ideal location for its regional headquarters. Singapore is a globally connected hub with an outstanding infrastructure that encompasses excellent IT connectivity, telecommunications, transportation, logistics and warehousing.
"Marvell values Singapore's vibrant enterprise network, its world-class research institutes that foster knowledge and research-based economy, and the talent pool that can be drawn upon for Marvell's cutting-edge technology design centre," said Dr. Hoo Kuong, Vice President and General Manager of Marvell Asia. "Our focus on investment in research and development has brought some of the industry's finest engineers to Marvell."
The seven-storey, 10,000-square-meter building houses the company's regional headquarters and other functions including operations, design, sales and technical support. Groundbreaking for the building took place in July 2006.
"We are pleased to see Marvell's continued growth in Singapore. Marvell's presence here demonstrates Singapore's attractiveness as a regional base to operate a broad spectrum of semiconductor activities, from IC design and technical support to operations and product engineering," said Mr. S. Iswaran, Singapore's Senior Minister of State for Trade and Industry.
Marvell has Asia-Pacific operations in Singapore, Malaysia, China, Japan, Taiwan and India. Marvell Singapore operations were first established in 1997. In 2000, Singapore became Marvell's regional headquarters and expanded its operations to include management of test operations, integrated circuit design, support and finance.
Marvell, which had annual sales of $2.9 billion in the fiscal year ended February 2, 2008, has several sales offices worldwide. They include Singapore, Japan, Israel and Italy.
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Marvell (NASDAQ: MRVL) is a leader in the development of storage, communications and consumer silicon solutions. The Company's diverse product portfolio includes switching, transceiver, communications controller, wireless, and storage solutions that power the entire communications infrastructure including enterprise, metro, home, and storage networking. As used in this release, the terms "Company" and "Marvell" refer to Marvell Technology Group Ltd. and its subsidiaries. For more information, visit http://www.marvell.com.
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