Cavium, Inc. Commences Exchange Offer to Acquire QLogic Corporation

Cavium, Inc. (Nasdaq: CAVM) ("Cavium"), a leading provider of semiconductor products that enable intelligent processing for enterprise, data center, cloud, wired and wireless networking, today announced that it commenced an exchange offer (the "Offer") for all of the outstanding shares of QLogic Corporation (Nasdaq: QLGC) ("QLogic"), a leading supplier of high performance networking infrastructure solutions, through a wholly-owned subsidiary of Cavium, pursuant to their previously announced merger agreement, dated June 15, 2016. Subject to the terms and conditions of the Offer, QLogic stockholders who validly tender their shares in the Offer will receive $11.00 in cash and 0.098 shares of Cavium common stock for each share of QLogic common stock.