MOUNTAIN VIEW, CA--(MARKET WIRE)--Jun 23, 2008 -- Cavium Networks (NasdaqGM:CAVM - News), a leading provider of semiconductor products that enable intelligent processing for networking, communications, storage, wireless, and security applications, today announced that Cavium Networks' Chairman and CEO, Syed Ali, was named winner of the prestigious Ernst & Young Technology Entrepreneur Of The Year 2008 award for Northern California. According to Ernst & Young LLP, the award recognizes outstanding entrepreneurs who are building and leading dynamic, growing businesses. Mr. Ali was selected by an independent panel of judges, and the award was presented at a gala event at the Fairmont Hotel in San Francisco on June 21, 2008.

"I am honored to receive this prestigious award from Ernst & Young," said Syed Ali, Chairman and CEO of Cavium Networks. "This award is a culmination of the tremendous effort and dedication of the entire team at Cavium. We look forward to continue delivering world-class products to the market and building a leading semiconductor company."

The Ernst & Young Entrepreneur Of The Year awards celebrate their 22nd anniversary this year. The program honors entrepreneurs who have demonstrated exceptionality in such areas as innovation, financial performance and personal commitment to their businesses and communities. "Ernst & Young is pleased to honor outstanding business leaders such as Syed Ali," said Rick Fezell, Ernst & Young Entrepreneur Of The Year Program Director for the Northern California. "Award recipients of the Entrepreneur Of The Year award build leading businesses and contribute a great deal to the communities around them. Their success helps our area grow stronger."

As a Northern California award recipient, Mr. Syed Ali is now eligible for consideration for the Ernst & Young Entrepreneur Of The Year 2008 national program. Award recipients in several national categories, as well as the overall national Ernst & Young Entrepreneur Of The Year award recipient, will be announced at the annual awards gala in Palm Springs, California on November 15, 2008. The awards are the culminating event of the Ernst & Young Strategic Growth Forum, the nation's most prestigious gathering of high-growth, market-leading companies.

About the Ernst & Young Entrepreneur Of The Year Awards

Ernst & Young's Entrepreneur Of The Year is the world's most prestigious business award for entrepreneurs. The award makes a difference through the unique way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Ernst & Young Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 135 cities in 50 countries.

About Cavium Networks

Cavium Networks is a leading provider of highly integrated semiconductor products that enable intelligent processing in networking, communications, storage and security applications. Cavium Networks offers a broad portfolio of integrated, software compatible processors ranging in performance from 10 Mbps to 20 Gbps that enable secure, intelligent functionality in service provider, enterprise, data-center, broadband/consumer and access equipment. Cavium Networks processors are supported by ecosystem partners that provide operating systems, tool support, reference designs and other services. Cavium Networks principal offices are in Mountain View, CA with design team locations in California, Massachusetts and India. For more information, please visit: http://www.caviumnetworks.com.

     Cavium Networks Contact:
     Angel Atondo
     Marketing Manager
     Tel: +1 (650) 623-7033
     Email: Email Contact