Marvell announced the establishment of a "world-leading" integrated circuit design center in Ho Chi Minh City, Vietnam, foreign media reported.
According to the report, the center was formerly known as Maao (Vietnam) Technology Co., LTD., located in Hsin Shun Export Processing Zone, 7th County, Ho Chi Minh City. Through this upgrade, Marvell (Vietnam) will become one of Marvell Group's four research and development centers in the world, and will become an ideal workplace for Vietnamese technical engineers.
Marvell (Vietnam) currently employs about 300 people, 97% of whom are engineers.
To meet its human resource needs, Marvell will support top Vietnamese university students majoring in science and technology through a financial aid program, and give priority to hiring employees, especially women, who are struggling in Vietnam, the report said.
The announcement follows news that US chip designer Marvell has decided to cut most of its China R&D team, following an announcement last October that it would cut most of its China R&D team.
As for the compensation package, it is likely to be in line with the "N+3" package given in October last year for redundancies.
Founded in 1995 and headquartered in Silicon Valley with research and development centers in Shanghai, Nanjing, Chengdu and Beijing, Marvell is a global semiconductor leader in providing a complete suite of broadband communications and storage solutions for the high-speed, high-density, digital data storage and broadband digital data network markets. Manufacturers engaged in the design, development and supply of mixed signal and digital signal processing integrated circuits.
At one point, Marvell had close to 1,000 employees in China, including more than 800 at its international R&D center in Shanghai, which was the company's third largest R&D center outside of its U.S. headquarters and Israel.
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