Google secures a $12B option in Marvell AI-chip collaboration
TL;DR Summary
Marvell Technology is teaming with Google to co-develop Google’s custom AI chips and has granted Google an option to buy up to 58.97 million Marvell shares at $206.58 each, a roughly $12.2 billion stake. If fully exercised and milestones are met, the deal could generate about $120 billion in Marvell revenue through fiscal 2033, underscoring growing cloud-provider investment in AI hardware while Broadcom’s stock moved lower on the news.
- Marvell gives Google option to buy $12.2 billion stake in custom chip deal Yahoo Finance
- Marvell pops 6% on AI chip deal that lets Google buy up to $12.2 billion in shares CNBC
- Marvell Stock Jumps On Google Chip, Investment Deal Investor's Business Daily
- Marvell Technology, Google Expand AI Silicon Pact; Google Receives Warrant for 58.97M Shares at $206.58 TradingView
- Marvell Gives Google Right to Buy Up to $12.2 Billion in Shares Bloomberg.com
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