Marvell Technology Group Increases Share Repurchase Program by $500M

Marvell MRVL announced that the Board of Directors has authorized Marvell to repurchase up to an additional $500 million under its share repurchase program. With this increase, the cumulative total share repurchase authorized by the Board will amount to $1.5 billion. Marvell has made approximately $1 billion in share repurchases under the prior authorization.