Marvell Technology Terminates Poet Technologies Partnership Over Confidentiality Breach

Marvell Technology has canceled all outstanding purchase orders with semiconductor specialist Poet Technologies. The decision follows a public disclosure by Poet regarding orders from Marvell's subsidiary, Celestial AI.

• Marvell voided all purchase orders with Poet Technologies
• Dispute stems from unauthorized disclosure of Celestial AI orders
• Poet's photonics technology aims to replace copper in AI chip data transfer
• POET shares crashed 45% on the news
• MRVL shares saw a 5.3% intraday decline
• Marvell maintains a 36% projected growth rate