Santa Clara, California (October 4, 2010) – Marvell (Nasdaq: MRVL), a worldwide leader in integrated silicon solutions, today announced that its co-founder, Weili Dai, has been named the 2010 Entrepreneur of the Year by the Hua Yuan Science and Technology Association (HYSTA), a prominent industry organization aimed at fostering closer U.S. - China business relationships. Ms. Dai was selected as HYSTA's Entrepreneur of the Year based on her success in building and growing Marvell into a leading global technology company. Ms. Dai is the only woman co-founder of a major, public semiconductor company in the world, and has helped lead Marvell's 15 years of growth from start-up to a current market capitalization of $12 Billion. HYSTA presented its prestigious award at a gala dinner on Oct. 2 at the Santa Clara Marriott.
"I am humbled by this great honor, to be selected as Entrepreneur of the Year by such an important global organization," said Ms. Weili Dai, Marvell's Co-founder. "When I co-founded Marvell 15 years ago, it was my passion to create a true industry leader -- a company known for both its differentiated technology and its high integrity, win-win business philosophy. Thanks to a lot of hard work by our many employees, we have achieved that vision together. I share this award with my co-founders, Sehat and Pantas, and all Marvell employees around the world."
Today, Marvell is the third-largest fabless semiconductor company in the world, and ships more than a billion chips per year. Marvell provides two out of every three chips used in storage media critical to the infrastructure of the Information Age; its broad portfolio of leading network and communications solutions and high performance, low-power chips have rapidly become the technology of choice behind a broad range of connected electronics -- such as tablets, smartphones and other mobile devices. From a half dozen employees in 1995, Marvell has today more than 5,700 employees on four continents.
"Weili Dai is one of the pioneering women in the world of technology," said Dr. Shoucheng Zhang, President of HYSTA and Professor of Physics, Applied Physics and Electrical Engineering at Stanford University. "She has helped build Marvell into a great global technology leader, has worked tirelessly to promote greater cooperation between the US and China, and she has become an effective role model and mentor to other women worldwide. Her expertise and experience is called upon by major customers, industry leaders and governments around the world, making her a great ambassador of opportunity in the Information Age. We are delighted to recognize this multi-talented leader as our Entrepreneur of the Year."
HYSTA (Hua Yuan Science and Technology Association, www.hysta.org) is a leading Chinese professional association in US. Founded in 1999 by a group of successful Chinese entrepreneurs, HYSTA aims at nurturing entrepreneurship and career development among Chinese technology and business professionals and facilitates networking and the exchange of business ideas between Silicon Valley and China.
Marvell (Nasdaq: MRVL) is a world leader in the development of storage, communications, and consumer silicon solutions. Marvell'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 term "Marvell" refers to Marvell Technology Group Ltd. and its subsidiaries. For more information, visit http://www.marvell.com.