Marvell shares gain on report of deal talks with Google to develop two AI chips
Business
April 20 : Marvell Technology's shares jumped 6 per cent in premarket trading on Monday following a report that Alphabet's Google is in talks with the chip designer to develop two new chips aimed at running AI models more efficiently. The potential deal could involve two distinct chips: a memory processing unit to complement Google's tensor processing unit and a new TPU built for running AI models, The Information reported on Sunday, citing two people with direct knowledge of the discussions.
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