Google just snagged a massive $12B+ stock warrant to buy 60 million shares of Marvell Technology, positioning itself as the chipmaker’s fifth-largest shareholder by 2033. The deal, signed in July, unlocks custom AI chips built for Google’s Tensor Processing Units — covering everything from AI accelerators to networking gear — as part of a broader push to ditch Nvidia’s GPUs for specialized silicon. With Broadcom already supplying Google’s custom chips through 2031, Marvell is stepping in to tackle AI inference workloads, underscoring the tech industry’s feverish rush toward bespoke hardware.
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