Marvell and Google expand their chip development deal, and Marvell grants Google a warrant to buy up to nearly 59M shares at $206.58 each, totaling up to $12.2B
Marvell Technology Inc. and Alphabet Inc.'s Google announced an expanded chip-development partnership, including a warrant …
Marvell and Flex, a contract manufacturer for electronics, will join the S&P 500; MRVL jumps 6%+ after hours after closing down 16.74% amid a broader sell-off
- Marvell Technology, which makes parts and products needed for the AI infrastructure boom, is joining the S&P 500
Source: Microsoft is in talks to design future custom chips with Broadcom, which would involve Microsoft switching its business from Marvell
Abram Brown / The Information :
Marvell says it will acquire Celestial AI for $3.25B+ in cash and stock, set to close in Q1 2026; the price can rise to $5.5B if Celestial hits revenue targets
Semiconductor company Marvell on Tuesday announced that it will acquire Celestial AI for at least $3.25 billion in cash and stock.
Sources: Marvell is in advanced talks to acquire chip startup Celestial AI in a cash-and-stock deal that could top $5B; Celestial was valued at $2.5B in March
The Information :
Infineon agrees to acquire Marvell's Automotive Ethernet business, expected to generate $225M to $250M in 2025 revenue, for ~$2.5B in cash, set to close in 2025
Vallari Srivastava / Reuters :
A look at chipmaker Marvell, whose market cap has passed Intel's, driven by its data center business; CEO Matt Murphy has reportedly been floated as Intel's CEO
Dan Gallagher / Wall Street Journal :