Marvell pops on report it will help Google with custom AI chips. Broadcom shares sink
Andreea Neblea
Shares of Marvell Technology gained nearly 6% on Monday amid reports that Google will use the chip design firm for two new chips to power artificial intelligence workloads. Until now, Google has relied on Marvell rival Broadcom for the design of its in-house Tensor Processing Units, or TPUs. Broadcom shares fell nearly 2% Monday following the report by The Information . The potential deal between Google and Marvell could include a TPU as well as a memory processing unit, The Information
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