Marvell Stock Climbs on Expanded Partnership and New Cloud-Native Security Platform
Marvell Technology (MRVL) shares rose around 4.5% in morning trade after expanding its manufacturing partnership with GlobalFoundries (GFS). The expanded agreement will increase capacity for silicon-germanium (SiGe) technology at GlobalFoundries' Burlington, Vermont, facility to support Marvell's growing requirements.
The additional capacity is intended to support the transition toward higher-bandwidth optical architectures as AI data centers scale. Robb Johnson, Vice President of Foundry Technology at Marvell, stated that their expanded collaboration with GF will help ensure they have the SiGe technology and manufacturing capacity to support the significant growth ahead.
GlobalFoundries' current SiGe technology supports 200G-per-lane optical connectivity, with a roadmap aimed at higher-speed generations as AI and cloud infrastructure require more bandwidth. The agreement builds on over a decade of collaboration between the two companies.
In related news, Marvell, Microsoft (MSFT), and Utimaco launched Azure Payment HSM v2, a cloud-native payment security service combining Marvell's LiquidSecurity hardware security modules, Utimaco's Atalla Payments Module software, and Microsoft Azure. The service is designed for banks, payment processors, and other financial institutions that need to secure payment transactions and cryptographic keys while meeting requirements around PCI security, compliance, and data sovereignty.
Azure Payment HSM v2 became available for public preview Thursday in the Western U.S. and Western Europe, but neither announcement disclosed the financial value of the agreements or provided specific revenue guidance.