Marvell and Google expand their chip development deal, with Marvell granting Google a warrant to buy up to 58M+ shares at $206.58 each, totaling up to $12.2B (Dana Wollman/Bloomberg)
Google’s chip orders could turn into a major Marvell equity stake.
Marvell gave Google a warrant to buy up to $12.2 billion of its shares as part of an expanded custom chip agreement. Bloomberg says the deal covers custom silicon programs tied to Google’s TPU ecosystem. Marvell’s stock closed up 9.85% after the news. Techmeme's note
Marvell gave Google a warrant to buy up to $12.2 billion of its shares as part of an expanded custom chip agreement. Bloomberg says the deal covers custom silicon programs tied to Google’s TPU ecosystem. Marvell’s stock closed up 9.85% after the news. Techmeme's note
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