Marvell Technology Group Ltd to Acquire Avera Semi - M&A Call Transcript

Feb 07, 2024

May 20, 2019 / 09:00PM GMT
Operator

Good afternoon, ladies and gentlemen, and welcome to our conference call announcing Marvell's acquisition of GLOBALFOUNDRIES' Avera Semiconductor business. Today's program is being recorded. (Operator Instructions) I would now like to turn the call over to Mr. Ashish Saran, Vice President of Investor Relations for Marvell. Please go ahead, sir.

Ashish Saran - Marvell Technology Group Ltd. - VP of IR

Good afternoon, everyone, and thank you for joining us, particularly on such short notice. After the market closed today, Marvell announced its planned acquisition of GLOBALFOUNDRIES' Avera Semiconductor business. To discuss this announcement, I'm joined on the call by: Matt Murphy, Marvell's President and CEO; Raghib Hussain, Marvell's Chief Strategy Officer and EVP of our Networking and Processes Group; and Jean Hu, our CFO.

A press release on this transaction is available on the Investor Relations section of our website at www.marvell.com. This conference call is being webcast live, and a

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