Cavium Partners with IBM for Next Generation Platforms by Joining OpenCAPI

Cavium will leverage OpenCAPI to accelerate data center workloads

SAN JOSE, CA – December 5, 2017 – Cavium^™, Inc. (NASDAQ: CAVM), a leading provider of semiconductor products that enable secure and intelligent processing for enterprise, data center, wired and wireless networking is partnering with IBM for next generation platforms by joining OpenCAPI, an initiative founded by IBM, Google, AMD and others.  OpenCAPI provides high-bandwidth, low latency interface optimized to connect accelerators, IO devices and memory to CPUs. With this announcement Cavium plans to bring its leadership in server IO and security offloads to next generation platforms that support the OpenCAPI interface.

Traditional system architectures are becoming a bottleneck for new classes of data-centric applications that require faster access to peripheral resources like memory, I/O and accelerators. For the efficient deployment and success of such applications, it is imperative to put the compute power closer to the data. OpenCAPI, a mature and complete specification enables such a server design, that can increase datacenter server performance by several times, enabling corporate and cloud data centers to speed up big data, machine learning, analytics, and other emerging workloads. Capable of 25Gbits per second data rate, OpenCAPI delivers the best in class performance, enabling the maximum utilization of high speed I/O devices like Cavium Fibre Channel adapters, low latency Ethernet NICs, programmable SmartNIC and security solutions.

Cavium delivers the industry's most comprehensive family of I/O adapters and network acclerators which have the potential to be seamlessly inegrated into OpenCAPI based systems. Cavium's portfolio includes FastLinQ^®Ethernet Adapters, Converged Networking Adapters, LiquidIO^® SmartNICs, Fibre Channel Adapters and NITROX^® Security Accelerators that cover the entire spectrum for data-centric application connectivity, offload and accleration requirements.

"We welcome Cavium to the OpenCAPI consortium to fuel innovation for today's data-intensive cognitive workloads," said Bob Picciano, Senior Vice President, IBM Cognitive Systems. “Together, we will tap into Cavium's next-generation technology, including networking and accelerators, and work in tandem with other partners' systems technology to unleash high-performance capabilities for our clients' data center workloads."

“We are excited to be a part of the OpenCAPI consortium. As our partnership with IBM continues to grow, we see more synergies in high speed communication and Artificial Intelligence applications.” said Syed Ali, founder and CEO of Cavium.  “We look forward to working with IBM to enable exponential performance gains for these applications.”

About Cavium
Cavium, Inc. (NASDAQ: CAVM), offers a broad portfolio of infrastructure solutions for compute, security, storage, switching, connectivity and baseband processing. Cavium’s highly integrated multi-core SoC products deliver software compatible solutions across low to high performance points enabling secure and intelligent functionality in Enterprise, Data Center and Service Provider Equipment. Cavium processors and solutions are supported by an extensive ecosystem of operating systems, tools, application stacks, hardware reference designs and other products. Cavium is headquartered in San Jose, CA with design centers in California, Massachusetts, India, Israel, China and Taiwan.

Media Contact
Angel Atondo
Sr. Marketing Communications Manager
Telephone: +1 408-943-7417
Email: angel.atondo@cavium.com

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Cavium Announces Financial Results for Q3 2017

SAN JOSE, Calif., November 1, 2017 – Cavium, Inc. (NASDAQ: CAVM), a leading provider of semiconductor products that enable intelligent processing for enterprise, data center, cloud, wired and wireless networking, today announced financial results for the third quarter ended September 30, 2017.

Net revenue in the third quarter of 2017 was $252.0 million, a 4.1% sequential increase from the $242.1 million reported in the second quarter of 2017 and 49.9% from the $168.1 million reported in the third quarter of 2016.

Generally Accepted Accounting Principles (GAAP) Results
Net loss for the third quarter of 2017 was $6.2 million, or ($0.09) per diluted share, compared to $11.1 million, or ($0.16) per diluted share in the second quarter of 2017. Gross margins were 54.6% in the third quarter of 2017 compared to 53.5% in the second quarter of 2017. As a percentage of revenue, GAAP income from operations was 0.19% in the third quarter of 2017 compared to GAAP operating loss of 2.5% in the second quarter of 2017. Total cash and cash equivalents were $152.7 million at September 30, 2017.

Non-GAAP Results
Cavium believes that the presentation of non-GAAP financial measures provides important supplemental information to management and investors regarding financial and business trends relating to Cavium’s financial condition and results of operations. Cavium believes that these non-GAAP financial measures provide additional insight into Cavium’s ongoing performance and core operational activities and has chosen to provide these measures for more consistent and meaningful comparison between periods. These measures should only be used to evaluate Cavium’s results of operations in conjunction with the corresponding GAAP measures. The reconciliation between GAAP and non-GAAP financial results is provided in the financial statements portion of this release.

In the third quarter of 2017, Non-GAAP net income was $55.8 million, or $0.76 per diluted share, Non-GAAP gross margin was 66.0% and Non-GAAP income from operations as a percentage of revenue was 24.8%.

Recent News Highlights

• October 24, 2017 - Cadence and Arm Delivers First SoC Verification Solution for Low-Power, High-Performance Arm-Based Servers
  
  
• October 9, 2017 - China Unicom Awarded "Best 5G Initiative" RANNYs Award in Partnership with Cavium
  
  
• September 11, 2017 - Cavium Showcased M-CORD NFV/5G on ARM with Leaf and Spine SDN Fabric at Mobile World Congress Americas 2017
  
  
• September 11, 2017 - Cavium and Enea Delivers Optimized Software and Hardware Platform for uCPE
  
  
• August 28, 2017 - Cavium Demonstrated NVMe Scale-out Technologies at VMworld US 2017
  
  
• August 10, 2017 - Cavium Announced Support for FC-NVMe Standard
  
  
• August 8, 2017 - Cavium Demonstrated Breakthrough NVMe over Fabrics Performance at Flash Memory Summit 2017

Cavium will broadcast its third quarter of 2017 financial results conference call today, November 1, 2017, at 2 p.m. Pacific time (5 p.m. Eastern time). The conference call will be available via a live web cast on the investor relations section of the Cavium website at http://www.cavium.com. Please access the website at least a few minutes prior to the start of the call in order to download and install any necessary audio software. An archived web cast replay of the call will be available on the web site for a limited period of time.

About Cavium
Cavium offers a broad portfolio of infrastructure solutions for compute, security, storage, switching, connectivity, and baseband processing. Cavium’s highly integrated multi-core SoC products deliver software compatible solutions across low to high performance points enabling secure and intelligent functionality in Enterprise, Data Center and Service Provider Equipment. Cavium processors and solutions are supported by an extensive ecosystem of operating systems, tools, application stacks, hardware-reference designs, and other products. Cavium is headquartered in San Jose, CA with design centers in California, Massachusetts, India, Israel, China, and Taiwan. For more information about the Company, please visit: http://cavium.com/newsevents_Cavium-Announces-Financial-Results-for-Q3-2017.html.

Cavium Contact
Angel Atondo
Senior Marketing Communications Manager
Tel: (408) 943-7417
Email:angel.atondo@cavium.com

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Cavium and Partners to Demonstrate a Range of Efficient, Secure and Scalable Datacenter and Networking Infrastructure Solutions at COMPUTEX 2017

COMPUTEX, TAIWAN and SAN JOSE, CA – May 29, 2017 – Cavium, Inc. (NASDAQ: CAVM), a leading provider of semiconductor products that enable secure and intelligent processing for enterprise, datacenter, cloud, wired and wireless networking, will demonstrate the company’s latest product innovations at COMPUTEX 2017, in Taipei, Taiwan from May 30^th – June 3^rd, at the Grand Hyatt hotel in Cavium’s suite 2412.

In an increasingly complex technology landscape, Cavium distinguishes itself by providing a rich and diverse product portfolio for all infrastructure segments, including datacenters, cloud, virtualization, security and networking.

Cavium’s ThunderX & ThunderX2™ 64–bit ARMv8-based family of processors feature high performance custom cores, single and dual socket configurations, high memory capacity & bandwidth, integrated hardware accelerators for networking, storage, and security along with highest level of I/O throughput and scalability. They are fully compliant with ARMv8-A architecture specifications as well as ARM’s SBSA and SBBR standards, and widely supported by industry-leading OS, Hypervisor and Software tool and application vendors. Various ODM & OEM ThunderX & ThunderX2 platforms targeting cloud & HPC workloads will be on display.

Cavium‘s XPliant® Ethernet switch family is the first to deliver a high throughput programmable datacenter switching solution that is in production and shipping today. Platforms based on the XPliant Ethernet switch family leverage its flexible control of table resources and pipeline logic to meet the specific needs of the network architecture and while providing unprecedented packet visibility and telemetry. In addition to programmability, the XPliant family of Ethernet switches architecture offers a fully centralized shared dynamically allocated packet buffer to absorb large packet bursts and provide advanced traffic management functions. Various ODM and OCP compliant platforms will be on display running various network operating systems.

Cavium’s OCTEON Fusion–M®, the industry‘s most comprehensive Radio Access Network (RAN) offerings, enabling Macro and Micro Cells, Intelligent Remote Radio Heads, and NFV and Cloud RAN solutions. The CNF75xx and CNF73xx processor families support 2G / 3G / 4G and emerging 5G standards.

Cavium's OCTEON TX™ is a complete line of 64-bit ARM-based SoCs for control plane and data plane applications in networking, security, and storage. The OCTEON TX expands the addressability of Cavium's embedded products into control plane application areas within enterprise, service provider, datacenter networking and storage that need support of extensive software ecosystem and virtualization features. This product line is also optimized to run multiple concurrent data and control planes simultaneously for security and router appliances, NFV and SDN infrastructure, service provider CPE, wireless transport, NAS, storage controllers, IOT gateways, printer and industrial applications.

Cavium’s FastLinQ® Ethernet adapters support 10Gb/25Gb/40Gb/100Gb speeds and are ideally suited for enterprise–class datacenters, public and private clouds, managed service providers and telco deployments as well as storage applications. The feature rich family of adapters supports Universal RDMA with RoCE/RoCEv2 & iWARP, server virtualization with NPAR and SR–IOV, network tunneling with VXLAN, NVGRE and GENEVE, network storage with iSCSI, FCoE & NVMe-oF™ and improves cloud/telco efficiency with DPDK support.

The following Cavium and Partner product demonstrations will be shown during the week of Computex at the Grand Hyatt hotel, suite 2412:

• ThunderX/ThunderX2: 64–bit ARMv8 Workload Optimized processors:
• ThunderX/ThunderX2 running Cloud Applications on various ODM platforms

• XPliant® Ethernet Switch Family:
• XPliant-based production platforms from various customers will be on display, including the S5160 Series from Arista and SLX series from Brocade.
• Various XPliant-based ODM and OCP compliant switch platforms showing various form factors such as “32x100G” and “48x25G + 6x100G” will be on display.
• Demonstration of various Network Operating Systems (NOS) such as SONiC from Microsoft, PicOS from Pica8 and open source NOS OpenSwitch (OPX) running on OCP AS7512-32X open network 100GE datacenter platform by Edgecore Networks.
• Demonstration of Interoperability between Cavium's XPliant CNX880xx and MACOM’s ES200 MACsec PHY, transporting wire-rate 100GbE MACsec encrypted traffic over QSFP28 100G optics.

• OCTEON TX: 64-bit ARMv8 Embedded Multicore Processors:
• High performance DPDK IPsec security applications.
• The OCTEON TX CN81XX IoT gateway/router reference design.
• Various low power fan-less ODM platforms for SD-WAN and NFV.
• Openwrt and partner VNF software.

• OCTEON Fusion–M:
• The recently announced CNF73xx single chip micro BTS reference design.
• The Facebook Telecom Infra Project (TIP) 4G OpenCellular basestation with:
• OCTEON Fusion CNF7130 baseband processor.
• Cavium’s open source LTE software.
• Cloud RAN implementation.
• OCTEON Fusion–M Remote Radio Head.
• ThunderX Virtual Base Band Unit.
• Cavium’s LTE split stack software. 

• Cavium FastLinQ Ethernet Adapters:
• Latest 10/25/50/100Gb controller based OCP adapters.
• Low latency Universal RDMA.
• NVMe storage over iWARP showcasing best in class IOPs and latency.

To schedule a meeting with Cavium, please contact your local sales account manager or Lilly Ly (lilly.ly@cavium.com). Please enter Meeting Request at Computex 2017 in the subject line.

About Cavium
Cavium, Inc. (NASDAQ: CAVM), offers a broad portfolio of infrastructure solutions for compute, security, storage, switching, connectivity and baseband processing. Cavium’s highly integrated multi-core SoC products deliver software compatible solutions across low to high performance points enabling secure and intelligent functionality in Enterprise, Datacenter and Service Provider Equipment. Cavium processors and solutions are supported by an extensive ecosystem of operating systems, tools, application stacks, hardware reference designs and other products. Cavium is headquartered in San Jose, CA with design centers in California, Massachusetts, India, Israel, China and Taiwan. For more information, please visit: http://www.cavium.com

Cavium Contact
Angel Atondo
Sr. Marketing Communications Manager
Cavium, Inc.
Tel: (408) 943-7417
Email:angel.atondo@cavium.com 

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