The Silicon Germanium Rush: What's Driving Marvell and GlobalFoundries' Stock Surge? The semiconductor landscape has been abuzz with news of an expanded agreement between Marvell Technology, Inc.
(NASDAQ:MRVL) and GLOBALFOUNDRIES Inc. (NASDAQ:GFS). Announced on September 17, the deal has sent shares of both companies soaring, with MRVL gaining over 4% and GFS rising more than 6% by the end of trading.
At its core, this development is centered around silicon germanium (SiGe), a semiconductor technology critical for high speed optical connections in data centers.