Marvell Technology and GlobalFoundries expanded their multi-year agreement to increase silicon germanium (SiGe) production capacity. The manufacturing expansion will take place at GlobalFoundries' facility in Burlington, Vermont.
The collaboration aims to meet surging demand for next-generation optical connectivity in AI and cloud data centers. These technologies enable the high-speed data movement required to scale AI systems.
Marvell shares climbed 4.5% in premarket trading on September 17, 2026. The agreement ensures Marvell has the manufacturing capacity to support its anticipated growth in the AI infrastructure sector.