Marvell Gives Google $12.2 Billion Stake Option

Marvell Technology has expanded its partnership with Google to develop custom AI chips. As part of the agreement, Marvell gave Google a warrant to buy up to 58.97 million Marvell shares. The shares are priced at $206.58 each, putting the potential stake at about $12.2 billion. The deal comes as Google increases its investment in… The post Marvell Gives Google $12.2 Billion Stake Option appeared…