Marvell Breaks Ground for New Regional Headquarters In Singapore
New State of the Art Facility is Key to Marvell’s Strategic Investment in Asia Pacific
Singapore (July 31, 2006) – arvell (NASDAQ: MRVL), the leader in storage, communications and consumer silicon solutions, today conducted a groundbreaking ceremony at its new Tai Seng Link site at the Paya Lebar Industrial Park. Scheduled to be completed in mid-2008, the seven-storey building at Tai Seng Link will have 10,000 square metres of space. This state of the art building will house the Company’s regional headquarters and a host of other facilities, including, IC assembly and test operations, integrated circuit (IC) design teams, sales and technical support.
“Asia- Pacific is increasingly becoming a strategic investment region for Marvell due to our growing customer base and outsourcing partners here. Marvell’s investment in Singapore is proof of our commitment to be closely aligned with our customers and to provide the best support and products for their success,” said Dr. Sehat Sutardja, Chairman, President and CEO of Marvell.
Singapore is a natural choice for Marvell as it offers all the components of a perfect location for a regional headquarters; it is a globally connected hub with an outstanding infrastructure that encompasses excellent information technology (IT) connectivity, telecommunications, transportation, logistics, and warehousing. More importantly, Marvell values Singapore’s vibrant enterprise ecosystem, the world class research institutes that foster a knowledge and research-based economy, and the talent pool that can be drawn upon for Marvell’s cutting-edge technology design centre.
Mr. Teo Ming Kian, Chairman of the Singapore Economic Development Board said, “We are honoured to have Marvell, one of the world’s top 10 fabless semiconductor companies, use Singapore as the heart of its Asia-Pacific operations. Marvell's plan to expand its design centre and to set up an IC test facility is a strong testimony to Singapore’s strong semiconductor manufacturing and circuit design capabilities.”
Marvell has Asia-Pacific operations in Singapore, Malaysia, China, Japan, Taiwan and India. Marvell Singapore operations were first established in 1997. By 2000, it was awarded regional headquarters status and expanded its operations to include testing, final assembly, IC design, engineering support, and finance.
Currently employing over 200 people at its New Tech Park facilities in Singapore, Marvell’s headcount is planned to increase to more than 500 employees within the next five years; with IC designers and test and assembly engineers forming the bulk of the staff to be recruited.
Marvell (NASDAQ: MRVL) is the leader in 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, including Marvell Semiconductor Inc. (MSI), Marvell Asia Pte Ltd (MAPL), Marvell Japan K.K., Marvell Taiwan Ltd., Marvell International Ltd. (MIL), Marvell U.K. limited, Marvell Semiconductor Israel Ltd. (MSIL), RADLAN Computer Communications Ltd., and SysKonnect GmbH. MSI is headquartered in Santa Clara, California and designs, develops and markets products on behalf of MIL and MAPL. MSI may be contacted at (408) 222-2500 or at www.marvell.com.
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