On March 14, 2012, Inphi Corporation announced that Mr. Lip-Bu Tan, a member of the company's Board of Directors, had notified the company that he intended to resign from the Board effective upon the earlier of the appointment of his replacement to the Board and December 31, 2012. On December 9, 2012, Mr. Tan notified the company that he will resign from the Board effective December 31, 2012.