Marvell Technology in Talks with Alphabet Inc. to Develop AI Chips
Marvell Technology's shares rose approximately 5% following reports that Alphabet Inc.'s Google is in talks to develop two AI chips with the company. The potential chips include a memory processing unit and a new TPU designed for more efficient AI model execution, signaling Google's efforts to diversify its AI chip supply chain. This development highlights growing competition in the AI chip market.
Topics: AI chips Alphabet Inc. business partnerships Marvell Technology stock price movement