SANTA
CLARA, Calif., Sept. 11,
2023 /PRNewswire/ -- Marvell Technology, Inc.
(NASDAQ: MRVL), a leader in data infrastructure semiconductor
solutions, today announced that its Chairman and Chief Executive
Officer, Matt Murphy, participated
in a roundtable discussion in Hanoi between U.S. and Vietnamese government
and business leaders aimed at further strengthening trade and
business ties between the two countries. The U.S.-Vietnam
Innovation and Investment Summit led by U.S. Secretary of State
Antony Blinken and Vietnam Minister for Planning and Investment
Nguyen Chi Dung, also included President Joseph Biden and Vietnam Prime Minister Pham Minh Chinh. Marvell was one of a small
number of semiconductor industry members invited to participate in
the meeting.
From its inception 10 years ago, Marvell's Vietnam location has grown to be a key
strategic R&D center for the company. Marvell also expanded on
its plans, first unveiled in May
2023, to further increase its semiconductor design and
engineering activities in the country. Marvell said during the
visit that it is committed to increasing its Vietnamese workforce
by 50% over the next three years and is also in the process of
expanding its physical footprint in the country – with a new
facility to be operational by the end of 2024. Marvell additionally
said it was increasing its internship and university relations
programs and would double funding for the Marvell Excellence
Scholarship program to support talented students pursuing degrees
in engineering and computer science at selected universities in
Vietnam.
During the event in May, Dr. Loi
Nguyen, Executive Vice President of Marvell's Optical Group
and a native of Ho Chi Minh City,
publicly unveiled the company's plans for its world-class design
center in Ho Chi Minh City.
Marvell's work in Vietnam is
primarily focused on high-speed data center optical connectivity,
storage, and analog mixed signal semiconductor technology. For more
information, read here.
"We applaud the U.S. and Vietnamese governments for their
focused efforts in making global innovation a priority and for
putting semiconductors at the forefront of those discussions," said
Murphy. "Engineering talent is one of the major challenges facing
the industry. To succeed, we need to invest worldwide. Vietnam is growing as a center of
semiconductor innovation. With our design center and scholarship
program, we are committed to growing high-value semiconductor jobs
in the country that will further help Marvell pursue its
mission of optimizing the world's data infrastructure."
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 over 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.
Marvell and the M logo are trademarks of Marvell or its
affiliates. Please visit www.marvell.com for a complete list
of Marvell trademarks. Other names and brands may be claimed as the
property of others.
This press release contains forward-looking statements within
the meaning of the federal securities laws that involve risks and
uncertainties. Forward-looking statements include, without
limitation, any statement that may predict, forecast, indicate or
imply future events or achievements. Actual events or results may
differ materially from those contemplated in this press release.
Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking
statements, and no person assumes any obligation to update or
revise any such forward-looking statements, whether as a result of
new information, future events or otherwise.
For further information, contact:
Stacey Keegan, Vice President of Corporate
Marketing
pr@marvell.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/marvell-ceo-matt-murphy-joins-president-joseph-biden-and-us-business-delegation-on-trade-meetings-with-vietnam-301923025.html
SOURCE Marvell