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Marvell Gives Google the Right to Buy Up to $12.2 Billion in Stock
Marvell Gives Google the Right to Buy Up to $12.2 Billion in Stock as Part of Chip Deal
TL;DRGoogle gets option to buy up to $12.2B in Marvell stock under new chip partnership.
Why it matters: Signals Google's deepening vertical integration in AI chips, reducing reliance on external suppliers.
Marvell Technology granted Google rights to acquire a stake of up to $12.2 billion as part of an expanded partnership between the two companies. Under the new deal, which sent Marvell shares up 9.9% in Wednesday’s trading, the companies will collaborate on development of a range…
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