Why Is Tower Semiconductor Stock Soaring Thursday?

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.

Marvell Tech, GlobalFoundries Expand US Chip Deal

GlobalFoundries and Marvell expand their multi-year partnership to increase high-speed optical networking chip production for AI data centers in Vermont.

EXCLUSIVE: Anthropic IPO Could Be ‘Heavily Oversubscribed,’ IPO Adviser Says

Jim Neesen, managing partner and founding executive at Connor Group, said he expects Anthropic’s IPO to be “heavily oversubscribed.”

Barclays Initiates Coverage On Tower Semiconductor with Overweight Rating, Announces Price Target of $310

Barclays analyst Simon Coles initiates coverage on Tower Semiconductor (NASDAQ:TSEM) with a Overweight rating and announces Price Target of $310.

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.