GlobalFoundries rises after expanded Marvell deal to boost data-center chip capacity
GlobalFoundries (GFS) jumped 7.04% and Marvell (MRVL) rose 5.44% intraday after the two expanded a multi-year agreement to increase production capacity for chips used in high-speed optical data-center connections. Neither company disclosed financial terms.
GlobalFoundries Inc. 04% intraday and Marvell Technology Inc. 44% after the two companies expanded an agreement to increase production capacity for chips used in high-speed optical connections inside data centers. Neither company disclosed financial terms.
The multi-year deal c...