Google secures a $12B option in Marvell AI-chip collaboration
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.