During his keynote address today at Intel Foundry Direct Connect, Intel's inaugural foundry event, CEO Pat Gelsinger introduced four members of the company's Foundry Advisory Committee. The committee advises Intel on its IDM 2.0 strategy, including creation and development of a thriving systems foundry for the AI era.
The advisory committee includes leaders from the semiconductor industry and academia, two of whom are also members of Intel's board of directors:

• Chi-Foon Chan, former Co-CEO of Synopsys; former Microprocessor Group general manager at NEC; director at PDF Solutions.
• Joe Kaeser, former CEO of Siemens; supervisory board chair at Siemens Energy and Daimler Truck; supervisory board member at Linde; former member of the board of NXP semiconductor; member of the board of trustees at the World Economic Forum.
• Tsu-Jae King Liu, vice chair of the Foundry Advisory Committee; dean of College of Engineering at the University of California, Berkeley; Intel director; and director at MaxLinear.
• Lip-Bu Tan, chair of the Foundry Advisory Committee; former CEO of Cadence Design Systems; chairman of Walden International; and Intel director; director at Credo Technology Group and Schneider Electric.

Silicon Motion Technology Corporation (NasdaqGS: SIMO) today announced its financial results for the quarter ended December 31, 2023. For the fourth quarter of 2023, net sales (GAAP) increased sequentially to $202.4 million from $172.3 million in the third quarter of 2023. Net income (GAAP) increased to $21.1 million, or $0.63 per diluted American Depositary Share of the Company ("ADS") (GAAP), from net income (GAAP) of $10.6 million, or $0.32 per diluted ADS (GAAP), in the third quarter of 2023. For the fourth quarter of 2023, net income (non-GAAP) increased to $31.3 million, or $0.93 per diluted ADS (non-GAAP), from net income (non-GAAP) of $21.1 million, or $0.63 per diluted ADS (non-GAAP), in the third quarter of 2023.

"Our fourth quarter results exceeded expectations as demand across the majority of our products increased sequentially, driven by holiday season demand and normalizing channel inventory," said Wallace Kou, President and CEO of Silicon Motion. "Both eMMC+UFS and SSD controller demand grew strongly in the quarter. We are confident that our teams' ongoing commitment to deliver controller solutions that enable our customers to service a broader range of markets will continue to drive share gains for us and be the foundation for strong growth in 2024 and beyond."

Wi-Fi CERTIFIED 7 is here, introducing powerful new features that boost Wi-Fi performance and improve connectivity across a variety of environments. Cutting-edge capabilities in Wi-Fi CERTIFIED 7 enable innovations that rely on high throughput, deterministic latency, and greater reliability for critical traffic. New use cases - including multi-user AR/VR/XR, immersive 3-D training, electronic gaming, hybrid work, industrial IoT, and automotive - will advance as a result of the latest Wi-Fi generation. Wi-Fi CERTIFIED 7 represents the culmination of extensive collaboration and innovation within Wi-Fi Alliance, facilitating worldwide product interoperability and a robust, sophisticated device ecosystem.

Wi-Fi 7 will see rapid adoption across a broad ecosystem with more than 233 million devices expected to enter the market in 2024, growing to 2.1 billion devices by 2028. Smartphones, PCs, tablets, and access points (APs) will be the earliest adopters of Wi-Fi 7, and customer premises equipment (CPE) and augmented and virtual reality (AR/VR) equipment will continue to gain early market traction. Wi-Fi CERTIFIED 7 pushes the boundaries of today's wireless connectivity, and Wi-Fi CERTIFIED helps ensure advanced features are deployed in a consistent way to deliver high-quality user experiences.

MaxLinear, Inc., a global leader in broadband access and gateway solutions, today announced its Wi-Fi 7 chipsets and Tri-band Access Point were certified by Wi-Fi Alliance and selected as one of the Wi-Fi CERTIFIED 7 test bed devices. Wi-Fi Alliance's Wi-Fi 7 certification helps verify that upcoming Wi-Fi 7 devices can seamlessly interoperate and deliver the high-performance promises of the new standard. The inclusion of MaxLinear's innovative, single-chip Wi-Fi 7 solution in the verification process exemplifies its continuing commitment to pushing the boundaries of in-home communications and reshaping the way service providers build access and connectivity networks.

"At MaxLinear, we're not just leading the pack with Wi-Fi 7 technology; we're redefining it. Our single-chip tri-band device is an industry first, symbolizing a giant leap in wireless communication," said Will Torgerson, VP/GM Broadband Group. "With our focus on power efficiency and peak performance, we're at the forefront of the Wi-Fi 7 revolution, offering blazing-fast speeds, reduced latency, and robust connectivity. As part of the Wi-Fi Alliance, we celebrate 25 years of Wi-Fi innovation and remain committed to advancing a connected world where our groundbreaking solutions enable seamless, multi-gigabit broadband access."

MaxLinear, Inc. (Nasdaq: MXL) today announced that Puma 8, its ESD/FDD DOCSIS 4.0 cable modem and gateway platform, delivers greater than 10 Gbps data throughput speeds as an Ultra DOCSIS 3.1 solution. With speeds close to PON fiber, Multi Service Operators (MSOs) now have a DOCSIS upgrade solution that requires minimal capital expenditure to achieve 10 Gbps service over cable versus the cost of a full-scale DOCSIS 4.0 infrastructure overhaul. For service providers who want to upgrade to DOCSIS 4.0 immediately, Puma 8 can be coupled with MaxLinear's single-chip, low-power DOCSIS 4.0 Ultra High Split (UHS) Upstream Programmable Gain Amplifier (PGA) that together can achieve upstream speeds of up to 7 Gbps based on 6x OFDMA channels in the 108 MHz to 684 MHz band and 1x OFDMA channel on the legacy 5 MHz to 85 MHz band.

Designed to handle next-generation applications requiring ever more data speeds - such as gaming, digital health, and 8k streaming - the Puma 8 single-chip DOCSIS 4.0 solution meets the needs of MSOs who continually grapple with the decision of when and how best to upgrade broadband service for their customers. As MSOs balance customer expectations of faster and more reliable service versus revenue growth and operational efficiency, Puma 8 offers an extremely cost-effective solution of a seamless upgrade path to Ultra DOCSIS 3.1 and DOCSIS 4.0. As more costly broadband PON technologies become standard for some networks, Puma 8 provides MSOs with the financial flexibility to scale their cable-based versus PON-based data services strategically.

Silicon Motion Technology Corporation (NasdaqGS: SIMO) ("Silicon Motion", the "Company" or "we") today announced its financial results for the quarter ended September 30, 2023. For the third quarter of 2023, net sales (GAAP) increased sequentially to $172.3 million from $140.4 million in the second quarter of 2023. Net income (GAAP) decreased to $10.6 million, or $0.32 per diluted American Depositary Share of the Company ("ADS") (GAAP), from net income (GAAP) of $11.0 million, or $0.33 per diluted ADS (GAAP), in the second quarter of 2023.

For the third quarter of 2023, net income (non-GAAP) increased to $21.1 million, or $0.63 per diluted ADS (non-GAAP), from net income (non-GAAP) of $12.6 million, or $0.38 per diluted ADS (non-GAAP), in the second quarter of 2023.

MaxLinear, Inc., a leader in broadband access solutions, today announced the availability of its DOCSIS 4.0 SoC cable modem and gateway platform, Puma 8. Puma 8 builds on the success of its DOCSIS 3.0 and 3.1 predecessors (Puma 6 and 7) and includes all critical elements of a DOCSIS platform, including a low-power, ultra-high split upstream PGA. The platform is compliant to the DOCSIS 4.0 frequency division duplex (FDD) specification and enables immediate large-scale deployments as a DOCSIS 3.1 device with gradual feature expansion options without the need for costly CPE replacements. Complete modem, Embedded Multimedia Terminal Adapter (EMTA), and gateway platforms will be available from MaxLinear's early access OEM partners in 2024.

MaxLinear's DOCSIS 4.0 platform stands out in the market as an energy-efficient, performance-optimized solution. It aligns perfectly with the deployment strategies and technology requirements of leading MSOs. The Puma 8 platform has been specifically tailored to support Extended Spectrum DOCSIS (ESD)/Frequency Division Duplex (FDD), and it boasts a range of energy-saving features. Even at full utilization, its power consumption is impressively low, at just 20-25 W, which is almost half that of competing solutions. This low power consumption enables a fan-less design, resulting in not only cost savings but also space conservation. To achieve peak performance with industry-leading low power consumption, MaxLinear employed a collaborative co-design approach, encompassing the DOCSIS SoC, AnyWAN SoC, and the programmable gain amplifier (PGA).

Silicon Motion Technology Corporation today disclosed additional details regarding MaxLinear's termination of its May 5, 2022 agreement to acquire the Company (the "Merger Agreement"). As previously disclosed, MaxLinear's July 26, 2023 notice of termination did not contain a factual basis for MaxLinear's claim that it was not obligated to close its acquisition of the Company because the Company's business had suffered a material adverse effect (as such term is defined under Delaware law (an "MAE")) and the Company had failed to operate its business in the ordinary course after the Merger Agreement was signed.

In the 15 months following the signing of the Merger Agreement, MaxLinear never once asserted, prior to sending its July 26, 2023 notice of termination, that there had been a material breach of the Merger Agreement, nor did it or its representatives ever mention an MAE or a breach of the ordinary course covenant.

Silicon Motion Technology Corporation ("Silicon Motion" or the "Company") today issued a written notice to MaxLinear, Inc. ("MaxLinear"), terminating the Agreement and Plan of Merger between the parties dated as of May 5, 2022 (the "Merger Agreement"1).

Silicon Motion's position is that MaxLinear's Willful and Material Breaches (as such term is defined in the Merger Agreement) of the Merger Agreement prevented the merger from being completed by August 7, 2023 (the "Outside Date"). Silicon Motion reserves all of its contractual, legal, equitable, and other rights under the Merger Agreement and otherwise, including but not limited to the right to hold MaxLinear liable for substantial money damages, well in excess of the termination fee as provided in the Merger Agreement, suffered by Silicon Motion as a result of MaxLinear's Willful and Material Breaches of the Merger Agreement.

Silicon Motion Technology Corporation (NASDAQGS: SIMO) ("Silicon Motion") on August 7 issued a written notice to MaxLinear, Inc. (NASDAQGS: MXL) ("MaxLinear"), in which Silicon Motion categorically rejected MaxLinear's purported termination of the Merger Agreement, and the assertions made by MaxLinear, in its letter of July 26, 2023. Silicon Motion will vigorously pursue its remedies, and reserves all rights under the Agreement and otherwise, including but not limited to the right to hold MaxLinear liable for substantial damages.

Silicon Motion is the global leader in supplying NAND flash controllers for solid state storage devices. Silicon Motion supplies more SSD controllers than any other company in the world for servers, PCs and other client devices and is the leading merchant supplier of eMMC and UFS embedded storage controllers used in smartphones, IoT devices and other applications. Silicon Motion also supplies customized high-performance hyperscale data center and specialized industrial and automotive SSD solutions. Silicon Motion's customers include most of the NAND flash vendors, storage device module makers and leading OEMs.

MaxLinear, Inc., a leader in data storage accelerator solutions, today announced the production-release of the OCP 3.0 storage accelerator adapter card for Panther III. The ultra-low latency accelerator is designed to quicken key storage workloads, including database acceleration, storage offload, encryption, compression, and deduplication enablement for maximum data reduction. The Panther III OCP card is ideal for use in modern data centers, including public to edge clouds, enterprise data centers, and telecommunications infrastructure, allowing users to access, process, and transfer data up to 12 times faster than without a storage accelerator. The OCP version of the card is available immediately with a PCIe version available in Q3 2023.

"In an era where the amount of data generated exceeds new storage installations by multiple fold, Panther III helps reduce the massive storage gap while improving TCO per bit stored," said Dylan Patel, Chief Analyst at SemiAnalysis.

Silicon Motion Technology Corporation ("Silicon Motion", the "Company" or "we") today announced its financial results for the quarter ended June 30, 2023. For the second quarter of 2023, net sales (GAAP) increased sequentially to $140.4 million from $124.1 million in the first quarter of 2023. Net income (GAAP) increased to $11.0 million, or $0.33 per diluted American Depositary Share of the Company ("ADS") (GAAP), from net income (GAAP) of $10.2 million, or $0.30 per diluted ADS (GAAP), in the first quarter of 2023.

For the second quarter of 2023, net income (non-GAAP) increased to $12.6 million, or $0.38 per diluted ADS (non-GAAP), from net income (non-GAAP) of $11.2 million, or $0.33 per diluted ADS (non-GAAP), in the first quarter of 2023.

In a surprise move, Maxlinear has cancelled its close to US$4 billion takeover of Silicon Motion, despite having received approval by China to finally acquire Silicon Motion. The two companies started their merger back in May of 2022, but over a year later, Maxlinear has announced that it has "exercised its contractual rights to terminate its May 5, 2022 merger agreement". The announcement saw a drop in Maxlinear's shares of about 12 percent and a 25 percent drop for Silicon Motion.

It's unclear as to why Maxlinear cancelled the deal, but the two companies don't appear to have clear synergies outside some storage products. That said, Maxlinear appears to blame Silicon Motion in a press release that the company issues. Among other things, Maxlinear states that "Silicon Motion has suffered a Material Adverse Effect that is continuing, Silicon Motion is in material breach of representations, warranties, covenants, and agreements in the Merger Agreement that give rise to the right of the Company to terminate". As to what this actually means, we'll most likely never find out, but as Maxlinear also points out, the merger was supposed to have been finished by the 23rd of May 2023, which means Maxlinear had the right to cancel the merger regardless.

TPU managed to get an early sneak peek of MaxLinear's recently announced 8-port 2.5 Gbps switch IC, ahead of Computex official start tomorrow. The MXL86280 is going to bring some serious competition to the 2.5 Gbps switch market, as thanks to it being a single chip solution that integrates the Ethernet MAC and PHY, costs can be kept lower than competing two chip solutions that have a separate MAC and PHY. Although we weren't giving exact pricing, we were told that the MXL86280 should allow for more affordable 2.5 Gbps switches than those available in the market today, but not quite as affordable as the equivalent Gigabit switch.

MaxLinear also appears to have been fortunate with their chip design, as everything was working at the first tape-out, which is less common than you'd think when it comes to advanced chips The MXL86280 will be the first in what is expected to be a series of 2.5 Gbps switch solutions from MaxLinear, as the company is planning to release 5- and 6-port solutions in the future, which the company is hoping to win business in the router market space with. The test board that the company will have on display during Computex also features a pair of 2.5 Gbps SFP+ ports, which should be ideal for those with older 2.5 Gbps routers, cable modems or GPON equipment that only has fibre outputs. That said, the exact design of retail products might differ, so we'll have to wait and see what kind of products launch next year based on the MXL86280.

MaxLinear, Inc., a global leader in wired network solutions, today announced it is deepening its commitment to expanding its next-gen Ethernet portfolio with a new line of 2.5G Ethernet products. The family is comprised of new 2.5G Ethernet switches and eight port 2.5G Enterprise PHYs. The chipsets will anchor MaxLinear's already robust Ethernet portfolio - which includes 10/100, 1G, and 2.5G bridges, PHYs and switches. MaxLinear will demonstrate the new 2.5G solutions at Computex 2023, May 30 - June 2, 2023 in Taipei, Taiwan.

The demand for more robust Ethernet products is growing as 2.5G speeds expand into enterprise, retail, and industrial single and multiport applications, and more PCs offer 2.5G Ethernet ports. With new access technologies like xGPON and new Wi-Fi standards increasing the demand for higher LAN bandwidth, gigabit Ethernet is giving way to 2.5G Ethernet which can extend the bandwidth over existing CAT5e cable infrastructure by a factor of 2.5 comparatively. According to 2022 research by Allied Market Research, the global ethernet switch market was valued at $17.2 billion in 2021, and is projected to reach $26.1 billion by 2031, growing at a CAGR of 4.4% from 2022 to 2031. The rising demand for effective network infrastructure for varied application requirements is expected to contribute to this growth.

Silicon Motion Technology Corporation ("Silicon Motion", the "Company" or "we") today announced its financial results for the quarter ended March 31, 2023. For the first quarter of 2023, net sales (GAAP) decreased sequentially to $124.1 million from $200.8 million in the fourth quarter of 2022. Net income (GAAP) decreased to $10.2 million, or $0.30 per diluted American Depositary Share ("ADS") (GAAP), from net income (GAAP) of $23.5 million, or $0.71 per diluted ADS (GAAP), in the fourth quarter of 2022.

For the first quarter of 2023, net income (non-GAAP) decreased to $11.2 million, or $0.33 per diluted ADS (non-GAAP), from net income (non-GAAP) of $41.1 million, or $1.22 per diluted ADS (non-GAAP), in the fourth quarter of 2022.

MaxLinear, Inc., a leader in home gateway solutions that unlock multi-gig home connectivity, today announced that its highly-integrated AnyWAN home gateway SoC has been certified for XGS-PON and G-PON as part of the Broadband Forum BBF.247 Optical Network Unit (ONU) Certification Program. scalable quad-core CPU, packet routing accelerator for up to 30 million packets per second, and all required high-speed interfaces for home gateways and home routers. The platform supports important WAN access technologies required by telco service providers and cable MSOs, making it one of the most scalable home gateway solutions on the market. With its XFI and PCIe gen4 interfaces and the embedded 2.5GE PHYs, AnyWAN is an ideal SoC for the next generation of fixed-wireless-access gateways with 5G WAN and Wi-Fi 7.

AnyWAN SoC variants with embedded 10G PON MAC support most 10G PON standards, including XGS-PON, G-PON, and NG-PON2. The chips are well suited for next-gen Wi-Fi 7 multi-gig fiber home gateways units (HGU). "Our innovation and investment in bringing AnyWAN to market provides all service providers and cable MSOs with a cost-efficient, quicker time-to-market choice when transitioning to 10G PON networks," said Will Torgerson, Vice President and General Manager, Broadband Group for MaxLinear. "While G-PON is the fiber technology with the largest installed based today, many customers are looking to XGS-PON as a technology option."

Silicon Motion Technology Corporation ("Silicon Motion" or the "Company") today announced its financial results for the quarter ended December 31, 2022. For the fourth quarter of 2022, net sales (GAAP) decreased sequentially to $200.8 million from $250.8 million in the third quarter of 2022. Net income (GAAP) decreased to $23.5 million, or $0.71 per diluted American Depositary Share ("ADS") (GAAP), from net income (GAAP) of $42.9 million, or $1.29 per diluted ADS (GAAP), in the third quarter of 2022.

For the fourth quarter of 2022, net income (non-GAAP) decreased to $41.1 million, or $1.22 per diluted ADS (non-GAAP), from net income (non-GAAP) of $51.2 million, or $1.53 per diluted ADS (non-GAAP), in the third quarter of 2022.

MaxLinear, Inc, a leading provider of radio frequency (RF), analog and mixed-signal integrated circuits, and Silicon Motion Technology Corporation (NasdaqGS: SIMO) ("Silicon Motion"), a global leader in NAND flash controllers for solid state storage devices, today announced that at Silicon Motion's extraordinary general meeting (the "EGM") of shareholders, held on August 31, 2022, shareholders of Silicon Motion approved the previously announced merger agreement under which MaxLinear will, subject to the terms and conditions thereof, acquire Silicon Motion, and approved other proposals related to the transaction.

More specifically, at the EGM, securityholders of Silicon Motion approved, by the requisite vote, the acquisition of Silicon Motion by MaxLinear, including the approval of: (a) the Agreement and Plan of Merger, dated May 5, 2022 (as it may be amended from time to time, the "Merger Agreement"), by and among MaxLinear, Shark Merger Sub, an exempted company incorporated and existing under the laws of the Cayman Islands and a wholly-owned subsidiary of MaxLinear ("Merger Sub"), and Silicon Motion, pursuant to which Merger Sub will merge with and into Silicon Motion with Silicon Motion continuing as the surviving company and becoming a wholly-owned subsidiary of MaxLinear (the "Merger"); (b) the plan of merger required to be filed with the Registrar of Companies in the Cayman Islands; (c) the Merger itself, on the terms and subject to the conditions set forth in the Merger Agreement; and (d) all other transactions and arrangements contemplated by the Merger Agreement.

MaxLinear Inc. today announced the availability of Panther III, the latest in the company's Panther series of storage accelerators. The company is showcasing this product at the Flash Memory Summit in Santa Clara, CA, August 2 - 4. Booth 111. Businesses need immediate access to larger and larger amounts of data and, at the same time, are faced with security and CAPEX costs challenges. With its 16 nanometer (nm) DPU architecture, Panther III provides breakthrough data reduction, encryption, deduplication, and data protection and sets a new standard in storage acceleration with a high throughput of 200 Gbps and ultra-low single-pass transformation latency.

Panther III opens new opportunities within the storage market, including all-flash-array and non-volatile memory express (NVMe) systems. As with previous generations of Panther products, Panther III offers powerful data reduction technology that intelligently offloads the CPU to open all tiers of storage to their full bandwidth potential with no CPU or software limitations. These capabilities enable intelligent and faster dataset delivery, high-performance analytics, and improved workload accuracy in fast-growing Edge to disaggregated computing of the public cloud.

MaxLinear, Inc. a leading provider of radio frequency (RF), analog and mixed-signal integrated circuits for broadband, connectivity, and infrastructure markets, and Silicon Motion, a global leader in NAND flash controllers for solid state storage devices, announced today that they have entered into a definitive agreement under which MaxLinear will acquire Silicon Motion in a cash and stock transaction that values the combined company at $8 billion in enterprise value. In the merger, each American Depositary Share (ADS) of Silicon Motion, which represents four ordinary shares of Silicon Motion, will receive $93.54 in cash and 0.388 shares of MaxLinear common stock, for total per ADS consideration of $114.34 (based on MaxLinear's May 4, 2022 closing price). The strategic business combination is anticipated to drive transformational scale, create a diversified technology portfolio, significantly expand the combined company's total addressable market, and create a highly profitable cash generating semiconductor leader.

Upon completion of the acquisition, the combined company will have a highly diversified technology platform with strong positions across the broadband, connectivity, infrastructure, and storage end markets. The combination of MaxLinear's RF, analog/mixed-signal, and processing capabilities with Silicon Motion's market leading NAND flash controller technology completes a total technology stack which fully captures end-to-end platform functionality and accelerates the company's expansion into enterprise, consumer, and many other adjacent growth markets. Combined revenues are expected to be more than $2 billion annually and are supported by the technology breadth to address a total market opportunity of roughly $15 billion.

Today MaxLinear announced the immediate availability of two 1000BASE-T Ethernet Switches (GSW125, GSW145) and a quad-port 2.5GBASE-T PHY (GPY245), expanding its Ethernet product portfolio to better serve the industrial, telecommunications, and networking outdoor markets, where products must perform efficiently in harsh temperature environments. With the increase of outdoor Wi-Fi access points, Industrial IoT and Industrial PCs used to collect, monitor and control equipment, products must operate in either high heat or frigid cold environments. Extreme temperatures can impact network operation, data transmission, and system reliability, causing interruptions and downtime, leading to security risks and costly emergency repairs.

"MaxLinear has a 40-year history of being a leading supplier in industrial interface devices, having shipped over 1B serial transceivers over the past five years," said James Lougheed, Vice President of Marketing, High Performance Analog. "As the requirements for industrial-grade Ethernet products continue to grow, we continue to invest to remain in a strong position to support these fast-growing markets."

Intel is looking to further consolidate its product and services portfolio through the sale of its Home Gateway Platform Division to California-based connectivity infrastructure provider MaxLinear for $150 million. The move comes in the wake of CEO Bob Swan's efforts to reduce Intel's expenses on markets that aren't showing the needed returns to justify the increased investment in engineering and distribution - as with everything, there is associated opportunity cost with every product division that isn't up to the task. And in this case, the task was always daunting, with Intel's Home Gateway Platform Division (whose efforts center around system-on-a-chip (SoC) products for home gateways, Wi-Fi access points and Ethernet) competing with the likes of Qualcomm and Broadcom.

This comes after Intel already sold its cellular modem business to Apple on the rationale that it wouldn't "have provided attractive returns." An Intel spokesperson clarified that the sale of the Home Gateway Platform Division represents "a majority of the assets from Intel's Home Gateway Platform Division but not all of them." Intel expects most jobs directly impacted to find alternatives under the new MaxLinear umbrella, or though an internal Intel reshuffling. Intel is choosing to refocus on high-margin markets over which it already has ascendance, instead of trying to diversify - in this case - towards the cutthroat mobile and home gateway markets.