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Marvell Technology Plans $250 Million Investment in India

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Marvell Technology (MRVL) said Wednesday it plans to invest $250 million in India over the next three years in technology, talent and infrastructure.

As part of its investment, the company said it intends to double its headcount, build a new wing at its Bangalore office and expand its presence in Hyderabad.

Marvell said the expansion will support the development of advanced semiconductor services for artificial intelligence, cloud and data infrastructure applications.

Price: $174.09, Change: $-0.38, Percent Change: -0.22%

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