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Investing.com -- Credo Technology Group Holding Ltd (NASDAQ:CRDO) stock surged 10.8% Monday after the high-speed connectivity solutions provider announced a license agreement with The Siemon Company related to its active electrical cable technology patents.
The agreement allows Siemon to use Credo’s patented active electrical cable technology, though financial terms remain confidential. In a joint statement, executives from both companies said, "We are pleased to have reached a license agreement related to Credo’s active electrical cable patents."
Credo focuses on developing connectivity solutions for AI-driven applications, cloud computing, and hyperscale networks. The company’s product portfolio includes integrated circuits for optical and line card markets, active electrical cables, and serializer/deserializer chiplets.
The California-based firm aims to address bandwidth bottlenecks while improving power efficiency, security, and reliability in high-speed networking applications. Its solutions are designed for Ethernet applications ranging from 100G to 800G, with emerging capabilities for 1.6T port markets.
The stock’s strong performance reflects investor confidence in Credo’s intellectual property strategy and its positioning in the growing high-speed connectivity market that supports AI infrastructure.
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