Marvell stock jumps on report of possible partnership with Google on AI chips
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Marvell Technology's stock surged over 4% on reports of a potential partnership with Google to develop AI chips. The companies are reportedly working on two AI chips, with a planned design finalization by next year.
Marvell Technology's stock jumped over 4% on Monday following a report of a potential partnership with Google to develop two AI chips. The chips include a memory processing unit to work with Google's tensor processing unit and another for running AI models. Google has been working on tensor processing units for over a decade, using them in Google Cloud for machine learning workloads. The companies plan to finalize the chip design by next year. Marvell's stock has surged over 60% this year, leading the semiconductor sector higher. The potential partnership is seen as a significant development in the AI chip market.
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