Marvell Tech, GlobalFoundries Expand US Chip Deal

Can GFS' Marvell Deal for SiGe Capacity Expansion Accelerate Growth?

GlobalFoundries has signed a multi-year agreement with Marvell Technology to expand silicon germanium (SiGe) production capacity at its Burlington, Vermont facility. The expansion will support next-generation optical transceivers and networking solutions for AI and cloud data centers. GFS shares have outperformed the industry over the past year, though the company faces competition from UMC and TSMC in the optical connectivity market.

GlobalFoundries shares are trading higher after the company announced it expanded its multi-year agreement with Marvell Technology to increase capacity for its silicon germanium.

Why Is Tower Semiconductor Stock Soaring Thursday?

Tower Semiconductor (TSEM) stock surges 8% on high-volume shipments of laser-integrated AI optical engine chips.

Sandisk Options Surge As SNXX Ranks Among Most Active ETFs. What Investors Are Betting On

A $41M Sandisk call bet puts 2X leveraged ETF SNXX in focus. Here’s how the fund amplifies SNDK’s moves amid the AI memory trade.

Jim Cramer Flags 'Boatload' of Bullish Option Buying in Micron, Sandisk, Intel

Jim Cramer flagged over $90M in short-dated chip calls, suggesting Leopold Aschenbrenner’s fund may be behind the trades, though unconfirmed.

Shares of chip companies are trading higher amid overall market strength, falling yields and declining oil prices. The industry may be boosted by recent talks between Intel and SK Hynix regarding U.S. chip manufacturing.