Marvell Technology Investor Presentation — March 2022

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Marvell Technology, Inc.

Fourth Quarter of Fiscal Year 2022

March 3, 2022© 2021 Marvell confidential. All rights reserved. 2Discussion of Non -GAAP Financial Measures

Non- GAAP financial measures exclude the effect of share- based compensation expense, amortization of the inventory fair value adj ustment

associated with acquisitions, amortization of acquired intangible assets, acquisition and divestiture- related costs, restructuri ng and other related

charges (including, but not limited to, asset impairment charges, employee severance costs, and facilities related charges), res olution of legal

matters, and certain expenses and benefits that are driven primarily by discrete events that management does not consider to be directly related to

Marvell's core business.

Marvell uses a non- GAAP tax rate to compute the non- GAAP tax provision. This non- GAAP tax rate is based on Marvell's estimated annual GAAP

income tax forecast, adjusted to account for items excluded from Marvell's non- GAAP income, as well as the effects of significant non- recurring and

period specific tax items which vary in size and frequency, and excludes tax deductions and benefits from acquired tax loss and credit carryforwards

and changes in valuation allowance on acquired deferred tax assets. Marvell's non- GAAP tax rate is determined on an annual basis and may be

adjusted during the year to take into account events that may materially affect the non- GAAP tax rate such as tax law changes; acquisitions;

significant changes in Marvell's geographic mix of revenue and expenses; or changes to Marvell's corporate structure. For the fourth quarter of fiscal

2022, a non- GAAP tax rate of 5.0% has been applied to the non- GAAP financial results.