Cavium
Networks Completes Acquisition of Taiwan-Based Star Semiconductor
Mountain View, Calif., August 4, 2008–
Cavium Networks (NASDAQ: CAVM), a leading provider of semiconductor
products that enable intelligent processing for networking,
communications, security and wireless applications, announced
that they have completed their acquisition of certain assets
and business of Star Semiconductor. In connection with the
completion of this acquisition, Cavium Networks paid total
consideration of approximately $9 million in cash and has
hired most of Star Semiconductor’s employees.
On July 16, 2008, Cavium Networks announced a definitive
agreement to acquire certain assets of Star Semiconductor.
Star Semiconductor is a Taiwan-based design house in Hsinchu
with expertise in building highly integrated ARM-based SOC
processors for the broadband, connected home and SOHO market
segments. This acquisition will provide Cavium Networks
with a highly experienced stand-alone SOC processor team
based in Taiwan. With this acquisition Cavium plans to deliver
highly optimized, cost effective and low power SOC processors
to address a significantly broader range of network connected,
triple-play enabled devices for the digitally connected
home and office.
About Cavium Networks
Cavium Networks is a leading provider of highly integrated
semiconductor products that enable intelligent processing
in networking, communications, storage, wireless and security
applications. Cavium Networks offers a broad portfolio of
integrated, software compatible processors ranging in performance
from 10 Mbps to 20 Gbps that enable secure, intelligent
functionality in enterprise, data-center, broadband/consumer
and access & service provider equipment. Cavium Networks
processors are supported by ecosystem partners that provide
operating systems, tool support, reference designs and other
services. Cavium Networks principal offices are in Mountain
View, CA with design team locations in California, Massachusetts
and India. For more information, please visit: http://www.caviumnetworks.com.
Cavium Networks Contact:
Angel Atondo - Marketing
Marketing Communications Manager
805 East Middlefield Road,
Mountain View, CA 94043
Telephone: 650-623-7033
Email: angel.atondo@caviumnetworks.com
####
Note
on Forward-Looking Statements
This press release may contain forward-looking statements
regarding future events that involve risks and uncertainties.
Readers are cautioned that these forward-looking statements
are only predictions and may differ materially from actual
future events or results. These forward-looking statements
involve risks and uncertainties, as well as assumptions that
if they do not fully materialize or prove incorrect, could
cause our results to differ materially from those expressed
or implied by such forward-looking statements. The risks and
uncertainties that could cause our results to differ materially
from those expressed or implied by such forward-looking statements
include but are not limited to, the utility of the acquired
assets and underlying technology; the integration and productivity
of the new employees; the rate of new design wins; the rate
at which existing design wins go into production; technological
advances; pricing pressures; general economic conditions;
development of new products and technologies; manufacturing
difficulties; whether Cavium Networks is successful in marketing
its products; the utility of acquired assets and other risks
and uncertainties described more fully in our documents filed
with or furnished to the Securities and Exchange Commission.
More information about these and other risks that may impact
Cavium's business are set forth in the "Risk Factors"
section of our Form 10K filed with the Securities and Exchange
Commission on March 10, 2008 and our Form 10Q filed on May
2, 2008. All forward-looking statements in this press release
are based on information available to us as of the date hereof
and qualified in their entirety by this cautionary statement,
and we assume no obligation to revise or update these forward-looking
statements.
OCTEON™ and NITROX™ are trademarks of Cavium Networks,
Inc . All other trademarks are the property of their respective
owners. All rights reserved. © Cavium Networks, Inc.
2009.
|
