UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01 | Other Events. |
On October 5, 2021, Marvell Technology, Inc. (“Marvell”) issued a press release announcing that the company has completed its acquisition of Innovium, Inc. Under the terms of the definitive agreement, Innovium stockholders received consideration consisting of shares of Marvell Common Stock issued in exchange for all outstanding equity of Innovium. A copy of the press release is filed herewith as Exhibit 99.1.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| 99.1 | Press Release dated October 5, 2021 | |
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document) | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MARVELL TECHNOLOGY, INC. | ||||||
| Date: October 5, 2021 | By: | /s/ Jean Hu | ||||
| Jean Hu | ||||||
| Chief Financial Officer | ||||||
Exhibit 99.1
Marvell Completes Acquisition of Innovium
| • | Broadens Marvell’s portfolio of silicon solutions targeting cloud data centers |
Santa Clara, Calif., October 5, 2021 - Marvell Technology, Inc. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, today announced that it has completed its acquisition of Innovium, Inc., a leading provider of networking solutions for cloud and edge data centers.
The acquisition of Innovium and its complementary offerings further extends Marvell’s leadership in the cloud, and allows Marvell to immediately participate in the fastest growing segment of the switch market with a cloud-optimized solution.
About Marvell
To deliver the data infrastructure technology that connects the world, we’re building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world’s leading technology companies for 25 years, we move, store, process and secure the world’s data with semiconductor solutions designed for our customers’ current needs and future ambitions. Through a process of deep collaboration and transparency, we’re ultimately changing the way tomorrow’s enterprise, cloud, automotive, and carrier architectures transform—for the better.
For further information, contact:
Ashish Saran
Vice President, Investor Relations
408-222-0777