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MRVL rises after GlobalFoundries manufacturing expansion and Microsoft security platform

Marvell shares climbed on Thursday after expanding a multi-year manufacturing partnership with GlobalFoundries and launching a cloud-native payment security platform with Microsoft and Utimaco.

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Marvell Technology (MRVL) shares climbed in morning trade on Thursday after the company expanded its manufacturing partnership with GlobalFoundries (GFS) and unveiled a new cloud-native payment security platform with Microsoft (MSFT) and Utimaco. Marvell and GlobalFoundries expanded a multi-year agreement.