Marvell Technology, Inc. (NASDAQ:MRVL) is pushing deeper into the artificial intelligence hardware arms race, with a potential multi-billion-dollar deal to acquire a photonics startup that could boost its position in high-performance datacenter silicon, according to a report.
The company is reportedly in advanced talks to buy chip startup Celestial AI in a cash-and-stock deal valued at more than $5 billion, including potential earnouts tied to product milestones, the Information reported on Tuesday, citing unnamed sources familiar with the matter.
