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, California with design team locations in California, Massachusetts and India.

Information Source:    Marketwire