🟢 Marvell Technology is trading 6.4% up today after expanding its multi-year GlobalFoundries agreement

Marvell Technology is trading 6.4% up now at $17.95 after expanding its multi-year GlobalFoundries agreement to increase silicon-germanium capacity for AI data-center optical connectivity.

• Added capacity supports pluggable transceivers, near-packaged optics, and co-packaged optics.
• Semiconductor-sector optimism also supported the move, with SOXX up 2.78% during regular trading.