Marvell Gives Google Right to Buy Up to $12.2 Billion in Shares

Marvell Technology Inc. and Alphabet Inc.’s Google announced an expanded chip-development partnership, including a warrant from Marvell allowing the search giant to buy as much as $12.2 billion in shares.

By Dana Wollman

Google strikes $12bn AI chip deal with Marvell

Tech giant agrees expanded partnership with US chipmaker that includes option to buy shares

Marvell pops 6% on AI chip deal that lets Google buy up to $12.2 billion in shares

Google and its competitors have been pursuing custom chips to improve efficiency and reduce reliance on Nvidia.

Marvell’s stock surges on news of Google chip deal — and Broadcom’s falls

Google will also get the option to purchase about $12 billion worth of Marvell’s stock.

By Emily Bary

Broadcom Rival Marvell Surges After Google Strikes AI Chip Deal, Gets Option to Buy $12.2B Stake

Marvell gives Google option to buy $12.2 billion stake in custom AI chip deal

Marvell jumps on Google chip deal; issues warrants to search giant

Marvell Gives Google Right to Buy Up to $12 Billion in Stock

Marvell Technology Inc. and Alphabet Inc.’s Google announced an expanded chip-development partnership, including a warrant from Marvell allowing the search giant to buy as much as $12.2 billion in shares.

By Dana Wollman

Another AI Reacharound? Marvell Shares Rip On Chips-For-Warrants Deal With Google

Another AI Reacharound? Marvell Shares Rip On Chips-For-Warrants Deal With Google The circular financing circus rolls on... Marvell shares are soaring this morning after fabless chip designer announced an expanded chip-development partnership with Google that includes a warrant from Marvell allowing the search giant to buy as much as $12.2 billion in shares. The two firms will collaborate on custom AI chips. "The expanded partnership spans a comprehensive range of custom sili...

By Tyler Durden