Marvell shares jump 9.8% on Google chip design deal

Marvell Technology Inc. today disclosed that it has won a contract to design artificial intelligence chips for Google LLC. The deal also extends to other areas.

Notably, Marvell has issued a warrant that will enable Google to purchase about 59 million units of common stock.

The shares are worth $12.2 billion.

Santa Clara, California-based Marvell […]

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