Marvell and Google expanded their chip-development partnership; Marvell granted
Google a warrant to buy up to $12.2 bln of Marvell stock — up to 58,970,907
shares at $206.58 per share, according to a regulatory filing. In the first year
after signing, roughly 1.4 mln warrant shares will vest each quarter. Remaining
Shares vest between Marvell’s fiscal 2027 Q3 and fiscal 2033 year-end via
discretionary purchases, with one tranche vesting for each $500 mln of
collaboration product revenue. The collaboration targets AI inference
accelerators, storage controllers, network interface controllers, memory
interface controllers and near-memory computing.
