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

Marvell Technology granted Google warrants to purchase up to approximately $12.2 billion in shares as part of a partnership to develop custom chips and supporting technologies for Google’s AI infrastructure, including TPU-related components, networking, storage and memory. The deal could generate substantial long-term revenue for Marvell if volume targets are met and deepens Google’s equity-linked relationship with a key custom-silicon supplier.