Marvell Issues Google 2.2B Stock Warrant in Custom AI Silicon Deal
Marvell Technology has granted Alphabet's Google a warrant to purchase up to 58.9 million shares of common stock at an exercise price of $206.58 per share, establishing an equity arrangement valued at up to $12.18 billion. The agreement expands the companies' partnership to co-develop custom artificial intelligence silicon, specialized networking, and next-generation datacenter infrastructure. Following the announcement, Marvell shares rose more than 11% in premarket trading, while primary cust
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