#MarvellGoogleChipDeal

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About MarvellGoogleChipDeal

Marvell signed a custom AI chip deal with Google and granted warrants to buy up to 58.97M Marvell shares at $206.58, worth about $12.2B notionally. It covers Google TPUs and related accelerators, storage controllers, networking and memory interfaces; the warrants do not mean Google has bought shares. Marvell rose about 10% on Aug 19, while Broadcom and other suppliers fell. Marvell reports FY2027 Q2 on Aug 27. Will the deal boost AI custom-chip revenue expectations or guidance?