MaxLinear terminates Silicon Motion merger agreement, cites MAE and material breach

As previously disclosed, on May 5, 2022, MaxLinear, Inc., a Delaware corporation (“ MaxLinear ”) entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with Silicon Motion Technology Corporation, an exempted company with limited liability incorporated under the law of the Cayman Islands (“ Silicon Motion ”) and Shark Merger Sub, an exempted company with limited liability incorporated under the law of the Cayman Islands and a wholly-owned subsidiary of MaxLinear (“ Merger Sub ”), pursuant to which, on the terms and subject to the conditions set forth therein, Merger Sub will merge with and into Silicon Motion (the “ Merger ”), with Silicon Motion surviving the Merger as a wholly-owned subsidiary of MaxLinear.