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Marvell Announces $3 Billion Stock Repurchase Authorization
Marvell TechnologyMarvell Technology(US:MRVL) Prnewswire·2024-03-08 05:05

SANTA CLARA, Calif., March 7, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced that its Board of Directors has authorized a 3billion additiontothebalanceofitsexistingstockrepurchaseprogram,increasingthetotalcurrentrepurchaseauthoritytoapproximately 3 billion addition to the balance of its existing stock repurchase program, increasing the total current repurchase authority to approximately 3.3 billion. This 3billionincreaseisthelargestrepurchaseauthorizationinourhistory.Marvell′sexistingsharerepurchaseprogramhadapproximately 3 billion increase is the largest repurchase authorization in our history. Marvell's existing share repurchase program had approximately  ...