Azar Samak L sold $16K of GFS

Marvell (MRVL) and GlobalFoundries (GFS) shares rose after expanding their agreement to boost silicon germanium (SiGe) production. MRVL gained 4%, GFS 6%. MRVL reported Q2 2027 revenue of $2.739B, up 37% YoY, while GFS reported Q2 2026 revenue of $1.786B, up 6% YoY. Both companies see strong demand for AI and data center infrastructure.

GlobalFoundries (GFS) secured a $375M CHIPS Act award for quantum semiconductor R&D. Funds will expand its Quantum Technology Solutions unit in New York over five years. GF's 22FDX platform supports cryogenic quantum hardware production, aiming to bolster U.S. quantum computing supply chains.

GlobalFoundries (GFS) and Marvell (MRVL) shares rose 7.04% and 5.44% respectively after expanding a multi-year agreement to boost production of chips for high-speed data center connections. The deal focuses on silicon germanium technology at GlobalFoundries' Vermont facility, supporting advanced optical networking. Neither company disclosed financial terms.

Marvell and GlobalFoundries expanded their partnership to increase silicon germanium (SiGe) wafer production for optical transceivers and laser modules, crucial for AI-driven data center demand. GlobalFoundries' tech supports 1.6 Tbps transceivers, with 3.2 Tbps on the roadmap. Nvidia and Huawei are expected to use these optics in future systems.

Marvell stock rose 5% to $240.76 on Thursday after announcing a chip supply deal with GlobalFoundries and a new payment security service with Microsoft. The GlobalFoundries deal expands silicon-germanium chip production for AI data center connectivity. GlobalFoundries' stock gained 6.8%, outpacing Marvell's 4.8% rise. Neither deal disclosed financial terms.

GlobalFoundries (GFS) and Marvell (MRVL) expanded their manufacturing agreement to increase SiGe semiconductor production for AI data centers. The deal boosts capacity at GFS's Vermont facility to meet rising demand for faster optical connections. Both companies' shares rose around 4-6% on the news.