Marvell Technology and GlobalFoundries expanded their multi-year agreement to increase semiconductor production capacity. The deal focuses on high-speed optical connections used in AI data centers.
GlobalFoundries will boost manufacturing of silicon germanium technology at its Vermont facility. This expansion addresses growing demand driven by AI infrastructure.
The increased capacity supports Marvell’s advanced optical networking products. These components enable the faster connections required for higher data volumes.
Marvell shares rose 4.5% in premarket trading following the announcement. GlobalFoundries shares climbed nearly 6%.