- In a regulatory filing, Marvell disclosed that Google may purchase up to roughly 59 million Marvell shares at $206.58 each, tied to a custom AI chip supply agreement.
- The warrant vests in stages as Google's actual chip purchases progress.
Why it matters:The deal strengthens Marvell's position as a custom-silicon supplier for Google's TPU ecosystem and shows capital-linked lock-in deals between cloud giants and chipmakers accelerating.
$12.2B