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Marvell shares gained nearly 6% on Monday amid reports that Google will use the chip design firm for two new chips.
Google is reportedly shifting some AI chip design work from Broadcom to Marvell for upcoming chips.
KEY POINTS
- The Google-Marvell deal could include both a new TPU and a memory processing unit.
- Despite the Marvell move, Google recently extended and expanded its Broadcom partnership through 2031.
- Nvidia invested $2 billion in Marvell in March to facilitate customer access to ASICs made by hyperscalers.
COMPANIES
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