Tag: custom
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Marvell beats forecasts, shares slip as growth outlook underwhelms
Aug 27 : Marvell Technology forecast quarterly revenue above estimates on Thursday, but failed to meet lofty investor expectations after a sharp AI-fueled rally in its shares. The Santa Clara, California-based company’s shares fell nearly 3 per cent in extended trading. They have nearly tripled in value so fa
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Marvell gives Google option to buy $12.2 billion stake in custom chip deal
Aug 19 : Marvell Technology said on Wednesday it has issued Alphabet’s Google a warrant to buy a stake worth about $12.18 billion as part of a deal to help develop custom chips for the search giant.Shares of the custom chipmaker jumped more than 11 per cent in premarket trading, while larger rival Broadcom wa
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TYLSemi raises $43 million to create building blocks of custom AI chips
SAN FRANCISCO, July 14 : TYLSemi, a startup founded by executives from recent Qualcomm acquisition AlphaWave, on Tuesday said it has raised $43 million in early funding to help companies build their own AI chips.The market for such AI chips is booming, with major companies such as Meta Platforms working with
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