reuters.com

Marvell Gives Google Option to Buy $12.2B Stake in Custom AI Chip Deal

Marvell Technology logoMarvell Technology
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Alphabet (Google) logoAlphabet (Google)
Sig3.20Sen+4.20Env0.00Soc0.00Gov-0.30

Marvell’s deal gave Google a warrant to buy up to 58.97 million Marvell shares at $206.58 each, worth $12.18 billion if fully exercised, making Google the fifth-largest investor. The option reflects rising demand for custom AI chips such as Google’s TPUs, though it also highlights growing interlinked relationships in the AI chip supply chain.

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