Business · 19 August 2026
Google's $12.2B option could make it Marvell's fifth-biggest owner
This partnership might generate about $120bn for the semiconductor maker by 2033, provided Google hits specific performance targets. The agreement allows the tech giant to acquire nearly 59 million shares at a fixed price, potentially turning it into Marvell's fifth-biggest shareholder. Stock in Broadcom, previously the main supplier of these specialised processors for Google, dropped by over 5% on Wednesday.
Reported by Reuters · How we write briefs