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Marvell Gains on Report of Google AI Chip Talks [Yahoo! Finance]
Last broadcom inc. earnings: 3/12 04:15 pm
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Google ( NASDAQ:GOOG ) is in talks with the chip designer to develop two new chips aimed at running AI models more efficiently. Neither Google nor Marvell responded. The potential deal involves a memory processing unit designed to complement Google's existing tensor processing units, and a new TPU built specifically for AI inference. The companies are aiming to finalize the memory chip's design as soon as next year before moving to test production. Google currently works with Broadcom ( NASDAQ:AVGO ) to design its TPUs, and the report suggests it may be looking to diversify that relationship as demand for custom chips grows. The news lands a week after Meta ( NASDAQ:META ) extended its own deal with Broadcom to produce several generations of custom AI processors, having paid Broadcom $2.3 billion last year for chip design services. Marvell, which expects revenue to approach $15 billion in fiscal 2028, would add a marquee hyperscaler relationship to a business already backed by a $
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