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Marvell Receives Outstanding Achievement Awards from the Fabless Semiconductor AssociationSunnyvale, California (December 6, 1999) — Marvell, a leading provider of high-performance, mixed-signal DSP integrated circuits for processing complex real-world communications signals, announced today that the company was recognized by the Fabless Semiconductor Association (FSA) with awards for outstanding achievement as the "Industry's Most Respected Private Fabless Company" and for "Outstanding Financial Performance by a Private Company." Marvell accepted the awards at the FSA's fifth annual Anniversary Dinner Celebration on December 2, 1999. The event, where fabless companies were recognized for exemplary success, strategy, vision, and future promise, attracted more than 1000 of the industry's top executives. "We're honored to receive these prestigious awards which recognize our technological developments and contributions to the semiconductor industry," said Dr. Sehat Sutardja, Marvell's president and chief executive officer. "Marvell is committed to developing the industry's most technologically advanced integrated circuits that enable a new era of high bandwidth applications and facilitate increased information capacity of data storage and broadband data communications infrastructures" Marvell's selection for the "Industry's Most Respected Private Company" award was determined by the results of a questionnaire sent to representatives from the fabless community, key suppliers and industry analysts. Marvell was rated in terms of product vision, strategy and future opportunities. Marvell also achieved an "Outstanding Financial Performance" award from the FSA for the Company's success in more than doubling its revenues and net income over the 12-month period ending September 1999. Financial information for privately held fabless companies was reviewed and deemed eligible by Ernst & Young LLP. About MarvellMarvell is comprised of Marvell Technology Group, Ltd (MTGL), and its subsidiaries, Marvell Semiconductor, Inc. (MSI), Marvell Asia Pte Ltd (MAPL) and Marvell Japan K.K. (MJKK). On behalf of MTGL, MSI develops proprietary Communications Mixed-Signal Processing (CMSP) technology for increased information capacity of data storage and data communications products. MAPL is headquartered in Singapore and is responsible for Marvell's production and distribution operations. As used in this release, the terms "Company" and Marvell refer to the entire group of companies. The Company's proprietary CMSP technology combines state-of-the-art custom digital signal processing, high performance analog front-end interfaces, and complex communications signal processing algorithms to allow technology customers to store and move digital data on demand at extremely high data access rates. MSI is headquartered at 645 Almanor Ave., Sunnyvale, Calif., 94086; phone: 408-222-2500, fax: 408-328-0120. About the FSAThe Fabless Semiconductor Association was formed in July 1994 by industry leaders wishing to achieve a more optimal balance between wafer demand and capacity for fabless companies. The mission of the FSA is to stimulate technology and foundry capacity by communicating the future needs of the fabless semiconductor segment in terms of quantity and technology; provide interactive forums for the mutual benefit of all FSA members; and be a strong, united voice on vital issues affecting the future growth of fabless semiconductor companies www.fsa.org  |
