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Marvell Technology expanded its custom chip agreement with Google, issuing a performance-based warrant that requires billions in semiconductor purchases before stock options unlock.
Marvell Technology has expanded its custom silicon partnership with Alphabet to supply hardware for Google's TPU ecosystem. The deal includes equity warrants tied to up to $120 billion in total qualifying purchases through early 2033.
Marvell Technology has agreed to grant Google options to acquire up to $12.2 billion in equity, tying share vesting directly to Google's procurement of custom silicon through fiscal 2033.
