Marvell authorizes $3B stock repurchase, its largest ever

Marvell Technology, Inc.

Board authorized $3B addition to existing buyback program, total authority now ~$3.3B.
Previous remaining authority was $299M as of fiscal year ended Feb 3, 2024.
Repurchases may occur in open market or private transactions depending on market conditions.
Program can be suspended or discontinued at any time by management.

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