Marvell Technology has announced an agreement to support Google's custom semiconductor development while granting Google the right to acquire up to $12.2 billion worth of Marvell shares. The agreement again highlights the expansion of AI investment and efforts to strengthen supplier relationships.
U.S. semiconductor maker Marvell Technology will support the custom semiconductor development of Google, a subsidiary of Alphabet. In connection with this, it will grant Google the right to acquire up to $12.2 billion worth of Marvell shares.
The move shows how major technology companies expanding their artificial intelligence investments are strengthening their partnerships with suppliers.