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The Economic Times
The Economic Times
Business
Akash Podishetti

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

Google Marvell

Marvell Technology shares surged 8% after the chipmaker struck a new agreement to help develop Google’s custom chips, giving investors another reason to bet on the company’s role in the artificial intelligence infrastructure boom.

The deal covers a broad range of chips and related technologies designed to work with Google’s tensor processing unit, or TPU, ecosystem. TPUs are custom chips used by Google for AI workloads and are a key part of its AI infrastructure.

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