Marvell issues $12.18 billion stock warrants to Google

1. 1Marvell Technology (MRVL) issues warrants to Google (GOOG) for a stake worth approximately $12.18 billion
2. 2Part of custom chip development effort, including AI inference accelerators, storage, networking, and memory interfaces
3. 3Marvell jumps more than 11% in premarket trading while Broadcom drops over 3%, as demand for custom AI chips surges

Source Reuters +14 · View original ↗

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