{"slug": "marvell-shares-jump-9-8-on-google-chip-design-deal", "title": "Marvell shares jump 9.8% on Google chip design deal", "summary": "Marvell Technology Inc. shares jumped 9.8% after disclosing a contract to design AI chips for Google LLC, including a warrant enabling Google to purchase about 59 million shares worth $12.2 billion. The partnership will focus on custom inference chips, network interface controllers, storage controllers, and near-memory computing devices, with an initial $960 million share batch vesting over the next year and the rest through fiscal 2033.", "body_md": "### Marvell shares jump 9.8% on Google chip design deal\n\nMarvell Technology Inc. today disclosed that it has won a contract to design artificial intelligence chips for Google LLC.\n\nThe 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.\n\nSanta Clara, California-based Marvell is a major supplier of data center chips. Its products can be found in optical networks, storage equipment and the hardware security modules in which companies keep their encryption keys. Marvel also has a sizable custom chip development business.\n\nThe company stated in a regular filing today that it will help Google develop custom chips “that attach to the TPU ecosystem.” TPUs, or Tensor Processing Units, are the proprietary AI accelerators that power the search giant’s public cloud.\n\nMarvell stated that one of the partnership’s priorities will be to develop custom inference chips. The company didn’t go into detail. One possibility is that Marvel will help Google develop future iterations of the TPU 8i, an inference-optimized chip that debuted in April.\n\nLarge language models keep the information they use to answer prompts in a data structure called a KV cache. The TPU 8i can store the KV cache entirely on-chip, which removes the delays associated with moving it to external memory. Additionally, the chip includes a module called CAE that is optimized to speed up chain-of-thought reasoning workloads.\n\nGoogle connects its TPU 8i chips to the other hardware in its data centers via a custom network called Jupiter. According to today’s regulatory filing, the company’s chip design deal with Marvell will prioritize the development of custom network interface controllers. Those are devices that optimize the flow of traffic between servers and the network of the host data center.\n\nMarvell will also help Google develop several other chips. The list includes storage controllers and memory interface controllers, which are used to manage storage arrays and RAM devices, respectively. Additionally, Marvell will develop custom near-memory computing devices. Those are accelerators in which logic circuits and memory modules are placed near each other to reduce latency.\n\nGoogle developed its TPU processor line in partnership with Marvell rival Broadcom Inc. It’s unclear how the new chip deal will affect the VMware parent company. In April, Broadcom [announced](https://www.reuters.com/business/broadcom-signs-long-term-deal-develop-googles-custom-ai-chips-2026-04-06/) that it has inked a deal to provide Google with AI accelerators and certain related components through 2031.\n\nThe warrant that Marvell issued in connection with the chip deal will enable the search giant to buy shares for $206.58 apiece. The semiconductor supplier’s stock closed at $237 today. An initial $960 million batch of shares is set to vest over the next year, while the remaining $11.4 billion will vest in 240 tranches through fiscal 2033.\n\n##### Photo: Marvell\n\n# A message from John Furrier, co-founder of SiliconANGLE:\n\nSupport our mission to keep content open and free by engaging with theCUBE community. **Join theCUBE’s Alumni Trust Network**, where technology leaders connect, share intelligence and create opportunities.\n\n**15M+ viewers of theCUBE videos**, powering conversations across AI, cloud, cybersecurity and more** 11.4k+ theCUBE alumni**— Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network\n\n### Are you an AWS customer? Support SiliconANGLE financially by buying your AWS services from our Marketplace portal page and links: [https://siliconangle.com/aws-marketplace/](https://siliconangle.com/aws-marketplace/)\n\n**About SiliconANGLE Media**\n\n[SiliconANGLE](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fsiliconangle.com%2F&esheet=54119777&newsitemid=20240910506833&lan=en-US&anchor=SiliconANGLE&index=9&md5=646b1b564e2259100a2b8638aab0a552),\n\n[theCUBE Network](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.thecube.net%2F&esheet=54119777&newsitemid=20240910506833&lan=en-US&anchor=theCUBE+Network&index=10&md5=7de2a85f95ab4a4a495cede20b8cb1da),\n\n[theCUBE Research](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fthecuberesearch.com%2F&esheet=54119777&newsitemid=20240910506833&lan=en-US&anchor=theCUBE+Research&index=11&md5=7bb33676722925eb57d588ec343e4f6f),\n\n[CUBE365](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.cube365.net%2F&esheet=54119777&newsitemid=20240910506833&lan=en-US&anchor=CUBE365&index=12&md5=d310fb35919714e66ad8d42c9c0c1bc6),\n\n[theCUBE AI](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.thecubeai.com%2F&esheet=54119777&newsitemid=20240910506833&lan=en-US&anchor=theCUBE+AI&index=13&md5=b8b98472f8071b23ebb10ab9a8dd0683)and theCUBE SuperStudios — with flagship locations in Silicon Valley and the New York Stock Exchange — SiliconANGLE Media operates at the intersection of media, technology and AI.\n\nFounded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.", "url": "https://wpnews.pro/news/marvell-shares-jump-9-8-on-google-chip-design-deal", "canonical_source": "https://siliconangle.com/2026/08/19/marvell-shares-jump-9-8-on-google-chip-design-deal/", "published_at": "2026-08-20 01:41:39+00:00", "updated_at": "2026-08-20 01:43:21.106509+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-chips", "ai-infrastructure", "ai-products"], "entities": ["Marvell Technology Inc.", "Google LLC", "Broadcom Inc.", "TPU 8i"], "alternates": {"html": "https://wpnews.pro/news/marvell-shares-jump-9-8-on-google-chip-design-deal", "markdown": "https://wpnews.pro/news/marvell-shares-jump-9-8-on-google-chip-design-deal.md", "text": "https://wpnews.pro/news/marvell-shares-jump-9-8-on-google-chip-design-deal.txt", "jsonld": "https://wpnews.pro/news/marvell-shares-jump-9-8-on-google-chip-design-deal.jsonld"}}