Summary by Futu AI
FMR LLC, a parent holding company, has filed an amended Schedule 13G/A with the Securities and Exchange Commission, disclosing a 14.999% stake in Marvell Technology, a leading semiconductor company. The filing, dated February 8, 2024, indicates that FMR LLC beneficially owns 129,672,217 shares of Marvell's common stock. The document clarifies that these shares are held in the ordinary course of business and not for the purpose of changing or influencing the control of Marvell Technology. Abigail P. Johnson, as the Chairman and CEO of FMR LLC, and through the Johnson family's ownership and voting agreement, may be deemed to have a controlling influence over FMR LLC. The filing includes a certification by Stephanie J. Brown, duly authorized under Power of Attorney, affirming the accuracy and completeness of the information provided.