inphi corporate update

August 2013

Inphi Corporate Update

2Inphi Proprietary and Confidential


Safe Harbor Summary This presentation includes forward-looking statements relating to matters that are not historical facts, including, without limitation, statements regarding Inphi’s short and long term growth strategies, trends in IP traffic and technology adoption, the future sizes and anticipated growth of the networking infrastructure, cloud computing and data center markets, and the scaling of memory capacity with CPU cores. In some cases, such forward-looking statements are identified by words such as “anticipate,” “believe,” “plan,” “estimate,” “expect,” “strive,” “future,” “intend” and similar expressions. Although Inphi’s management believes that the expectations reflected in the forward-looking statements are reasonable, such statements involve known and unknown risks, uncertainties and other factors that may cause Inphi’s actual results to be different from any future results expressed or implied by these statements, including the risks and uncertainties described in the prospectus relating to the offering. We caution you that no forward-looking statement is a guarantee of future performance, and you should not place undue reliance on these forward-looking statements which reflect the view of Inphi’s management only as of the date of this presentation. We assume no obligation to, and expressly disclaim any obligation to, update any forward-looking statements contained in this presentation as a result of new information or future events or developments.



Growing Processor – Interconnect Gap

MOORE’S LAW Processor Bandwidth Interconnect Bandwidth

100x in 10 Years

15x in 10 Years



…For Inphi to Address Layer 1 Interconnect Bandwidth

Optical Fiber

CPU to Memory

RDIMMLRDIMMMemory

Register

Buffer

Network to CPU

CDR

SerDes

Optics to Network

High-Speed Data Transport and Signal Integrity

Amplifier

Driver



Better Signal Detection

Faster Throughput

Longer Distance

Improved Error Margin

High Signal Integrity

Signal With Integrity

Competitive Solution Inphi Solution



Differentiated Products/Growing Markets

Long Haul Metro Enterprise & Data Center

Optics Networks Memory



CPU to Memory Products



0

2

4

6

8

10

12

2011 2012 2013 2014 2015

49%58%

65% 72% 77%

Memory Interconnect Trends

In-Memory Analytics for Big Data Growing x86 Server Virtualization Density

Escalating Memory-Intensive Workloads Data Center Processor Growth

Forecast

VMs

per H

ost

VM Density per Host Server

% of InstalledWorkloads Running in a VM

Source: EMC and IDC

2011 2012 2013 20140

10

20

30

40

50

60

70

80

EX

AB

YTE

S

HPC Graphics Rendering

Content Delivery and Gaming

2011 2016

NetworkEnt.StorageWorkstationHPCPublic CloudEnterpriseSmall Scale

2x Volume Growth

Source: Gartner and IDCUnstructured Data Structured Data

Source: Intel

Big Data

Financial Trading



DDR3 & DDR4 Register and Memory Buffers

Key Products Differentiators

Core 0 Core 1 Core 2 Core 3

8 MB Shared Cache

Memory Controller

Link Controller

RDIMM Solutions

2DDR3 Channel

1067

MT/

s

1067

MT/

s

1067

MT/

s

1067

MT/

s

3 31

LRDIMM Solution

2DDR3 Channel

1333

MT/

s

1333

MT/

s

1333

MT/

s

1333

MT/

s

3 31

Inphi Memory Buffer (iMB™) for LRDIMMs Higher system memory capacity, performance, and

performance/watt Dependable quality & reliability due to best in class

signal integrity even at high signaling rates Qualified across all major ecosystems Industry’s 1st standards compliant

Inphi Memory Registers for RDIMMs Lowest power consumption Dependable quality& reliability due to best in class

signal integrity even at high signaling rates and custom features

Qualified across all major ecosystems

Memory Buffer• Increases Memory Capacity by ~3x• Increases Channel Speed by 1.3x

Memory Register



Orders per minute 3.75x with 32GB LRDIMMs in a Virtualized E-commerce Application!

050,000

100,000150,000200,000250,000300,000350,000400,000450,000

10 11 12

Ord

ers p

er m

inut

e

Number of VMs

Database performance768GB RAM (iMB enabled Samsung LRDIMM configuration)

384GB RAM (RDIMM configuration)

ProductivityPower EfficiencyReal estate

0

100

200

300

400

500

600

10 11 12

Ord

ers p

er m

inut

e/w

atts

Number of VMs

Performance per watt768GB RAM (iMB enabled Samsung LRDIMM configuration)

384GB RAM (RDIMM configuration)

Source: Principled technologies



Optics to Network Products



Optics Interconnect Trends

Reconfigurable Colorless Networks Long Haul: Higher Bandwidth 400G

Metro: Low Power 100G Coherent

80W 32W

CFP CFP2 CFP4

12W6W

Data Centers: Low Power 100G Ethernet

12W8W

5W

CFP CFP2 CFP4

100G coherent will dominate network build out Complex modulation formats such as 16QAM

require Quad Linear Drivers

Higher density, lower cost, lower power for switches

Higher density, lower cost, lower power for core routers



Next-gen 100G/400G Reconfigurable Colorless Network


Industry Leading TIAs and Drivers

Advanced process technologies beyond CMOS

Optimum packaging technologies from low cost plastic, organic packages to high end ceramic and “gold box” packages

System-level expertise from fiber-to-memory

Highly integrated dual and quad solutions ahead of competition

DSP

DAC

ADC

90 Degree Hybrid Mixer

MZ M

odulator

90 Degree Hybrid Mixer

BS

PBS

3250

3250

Inphi Dual Linear Transimpedance

Amplifiers

FiberOut

LOLaser

FiberIn

3214

Inphi 100G/400G Quad Linear

Drivers

3214

Inphi 100G/400G Quad Linear

Drivers

3250

3250

Inphi Dual Linear Transimpedance

Amplifiers



Network to CPU Products



Network Interconnect Trends: Paradigm Shift to MSDC

Source: Cisco Systems

Data Center Market TransitionCore and Aggregation

Roadmap: Low Power, High Density 100GE

Massively Scalable Data Centers

Workloads in the Cloud

16-W8-W

6-W3.5-W



Next-gen 100G Solution for 1.2T – 2.4T Line Cards


1.2 – 2.4 Terabit System

NX100G NX100G

100G SERDES

100G SERDES

100G SERDES

100G SERDES

100G SERDES

100G SERDES

100G SERDES

100G SERDES

100G SERDES

System ASICs

1.2 – 2.4 Tbps

Capacity

100G SERDES GEN 2 MODULE

GEN 2 MODULE

GEN 2 MODULE

GEN 2 MODULE

GEN 2 MODULE

GEN 2 MODULE

GEN 2 MODULE

GEN 2 MODULE

GEN 2 MODULE

GEN 2 MODULE

Next-Gen Modules with 12-24x Density

Full support for multiple data rates - 10G/40G/100G

Improved optical margins

Lowest power enabling a lower carbon footprint in data centers

High frequency trading and low latency data center fabric

Highest resolution, non-destructive on-chip signal integrity

10X Bandwidth

100G CMOS CDR

Production Ready

Production ReadySampling

100G CMOS Gearbox1st Gen 2nd Gen



We Serve Growing Markets

Long Haul Metro Enterprise & Data Center

$1B+ TAM by 2015

10M Servers + 1M 40G/100G Ports



Inphi LeadershipPosition Background

Ford Tamer President and CEO

John S. Edmunds VP and CFO

Dr. Loi Nguyen Founder, VP of Communications

Siddharth Sheth VP of High-Speed Connectivity

Ron Torten VP of Operations and IT

Lawrence Tse Chief Technology Officer

Paul Washkewicz VP of Computing and Storage

Norman Yeung Senior VP of Engineering

Charlie Roach VP of Worldwide Sales



Quarterly Revenue

Strong Business Momentum

Cash & short term investments ($M)

$119M

Debt None

# of Qtrs. of Profitability

17 Consecutive Quarters of Non-GAAP Net Income Before Taxes

Growing Annual Revenue

($MM)

* Excludes stock-based compensation

$7

$21

$36

$43

$59

$83 $79

$92

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

90.0

100.0

2005 2006 2007 2008 2009 2010 2011 2012

2005 – 2012 7Yr CAGR: 45%

Solid Balance Sheet (2Q13)

Thank you

inphi corporate update

Documents

inphi proprietary

confidential3for inphi

inphi corporate update

forwardlooking statements

memory products

future results

scaling of memory capacity

future sizes