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Asia

Marvell shares jump 8% after chipmaker hands Google option to buy $12.2 billion stake

Markets-Economic Times · 1h ago · 🇮🇳 India

Marvell shares jump 8% after chipmaker hands Google option to buy $12.2 billion stake

Marvell shares surged 8% after securing a Google agreement to develop custom AI chips and related technologies. Google received a warrant for up to 58.97 million shares worth about $12.18 billion, strengthening Marvell’s position in AI infrastructure.

Read the full story at Markets-Economic Times →

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