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GlobalFoundries and Marvell Expand Chip Deal

GlobalFoundries and Marvell Technology have expanded their partnership to increase production of silicon germanium chips. The multi-year deal aims to support surging demand for high-speed optical networking in artificial intelligence data centers.

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A view of an automated transport system in the clean room of U.S. chipmaker GlobalFoundries' new fabrication plant in Singapore September 12, 2023. REUTERS/Edgar Su

GLOBALFOUNDRIES INC and MARVELL TECHNOLOGY INC expanded their semiconductor supply agreement on Thursday morning to boost production for AI data center infrastructure. Shares of GlobalFoundries rose 4% in morning trading, while Marvell shares climbed 6.3%. The multi-year partnership addresses soaring demand for high-speed optical networking components.
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