Santa Clara, California (April 2, 2007) – arvell Semiconductor, Inc., a subsidiary of Marvell Technology Group Ltd. [NASDAQ:MRVL], was named a recipient of Intel Corporation’s Preferred Quality Supplier (PQS) award for outstanding performance in providing products and services deemed essential to Intel’s success. The company was recognized for its efforts supplying Intel with storage, communications and consumer silicon solutions. Marvell ® and 43 additional PQS award winners were honored at a celebration in Burlingame, California on March 27.
“Marvell is much honored to receive Intel’s prestigious Preferred Quality Supplier award,” said Dr. Sehat Sutardja, Marvell’s chairman, president and CEO. “We appreciate what is required to win this award, and continually endeavor to meet and surpass Intel’s expectations in all areas. We look forward to continuing and expanding our relationship with Intel.”
“Intel is pleased to recognize Marvell with Intel’s Preferred Quality Supplier award,” said Rob Crooke, vice president and general manager, Intel’s Business Client Group. “This is a significant accomplishment, and reflects Marvell’s strong commitment and consistent execution in technology, availability, quality, and customer service. Marvell’s excellence as a supplier allows us to provide a steady supply of high quality, industry leading solutions to our customers.”
The PQS award is part of Intel’s Supplier Continuous Quality Improvement (SCQI) process that encourages suppliers to strive for excellence and continuous improvement. To qualify for PQS status, suppliers must score 80 percent on a report card that assesses performance and ability to meet cost, quality, availability, delivery, technology and responsiveness goals. Suppliers must also manage and deliver on a challenging improvement plan and a quality systems assessment. Additional information about the SCQI program is available at http://supplier.intel.com/quality/.
Marvell (NASDAQ: MRVL) is a leader in 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 Marvell Semiconductor Germany GmbH. MSI is headquartered in Santa Clara, Calif., 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.
This press release contains forward-looking statements. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “May,” “will,” “should,” and their variations identify forward-looking statements. These statements are not guarantees of results and are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. These risks and uncertainties include, but are not limited to, our ability to meet and surpass Intel’s expectations and continuing and expanding our relationship with Intel. For other factors that could cause Marvell’s results to vary from expectations, please see the sections titled “Risk Factors” in Marvell’s quarterly report on Form 10-Q for the fiscal quarter ended April 29, 2006, “Additional Risk Factors” in Marvell’s Form 8-K filed on October 17, 2006, “Other Events” in Marvell’s Form 8-K filed on April 2, 2007, and other factors detailed from time to time in Marvell’s filings with the Securities and Exchange Commission. Marvell undertakes no obligation to revise or update publicly any forward-looking information.