SAN JOSE, Calif., Aug. 1, 2012 /PRNewswire/ -- Cavium, Inc. (NASDAQ: CAVM), a leading provider of highly integrated semiconductor processors today announced its Project Thunder Initiative. Project Thunder will deliver a family of highly integrated, multi-core SoC processors that will incorporate highly optimized, full custom cores built from the ground up based on 64-bit ARMv8 instruction set architecture (ISA) into an innovative system-on-chip (SoC) that will redefine features, performance, power and cost metrics for the next generation cloud and datacenter markets. Cavium is collaborating with lead tier-1 vendors and ecosystem partners to deliver breakthrough solutions for this market. Project Thunder processor solutions for compute and storage applications along with the OCTEON ® and NITROX ® processor families will significantly expand Cavium's addressable market in the next generation cloud and datacenter. (Logo: http://photos.prnewswire.com/prnh/20120604/LA18845LOGO) Enterprise, mobile, consumer applications and storage are rapidly moving to the cloud. In the enterprise, corporations are implementing a range of mission-critical applications and virtual desktops in the cloud. These applications, shared across multiple corporations, require multi-tenancy and scalable environments with strong security. In mobile and consumer networks, millions of users are simultaneously accessing services and applications and collaborating with unprecedented growth and scale. Furthermore these applications require real-time provisioning to support unpredictable peak loads. These trends are driving a dramatic change in the data-center architecture causing convergence of computing, networking, security and storage with virtualization. This requires data-centers to consolidate workloads, virtualize networks and implement application-optimized servers and storage with dynamic provisioning and real-time scalability in a dramatically lower power and cost envelope. Project Thunder leverages significant amounts of in house IP and builds upon Cavium's proven track record of developing and delivering, 2 to 48-cores SoC processors with industry-leading performance, scalability and integration based on the MIPS® and ARM® architectures. Cavium has chosen to use MIPS or ARM architectures based upon the target end market, industry trends, installed software base, ecosystem and customer demand. Cavium is also leveraging its extensive expertise in developing multicore software solutions to provide highly optimized and scalable stacks, libraries and applications along with rich set of development and optimization tools by working with ecosystem partners, end customers and contributing directly to open source. Cavium's core competencies and differentiated IP in multi-core processor development have resulted in Cavium becoming the fastest growing provider of processors for embedded communications with #2 market share in the embedded multi-core market.