Marvell produces custom AI chips for the leading tech companies. Selling a business that no longer fit long-term plans and using the proceeds to buy Celestial AI was a smart move. Are you ahead, or ...
By Rashika Singh March 6 (Reuters) - Marvell Technology rose nearly 11% in early trading on Friday, as its upbeat multi-year forecast underscored booming demand for custom AI chips from large ...
Having ended 2025 with a multibillion-dollar deal, Marvell Technology has kicked off 2026 with a $540 million move to acquire XConn Technologies, a provider of advanced PCI express (PCIe) and compute ...
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Marvell completes $3.25B Celestial AI acquisition
Marvell Technology (MRVL) completed its $3.25B cash-and-stock acquisition of Celestial AI. The transaction, which was announced in December 2025, consisted of about $1B in cash and around 27M shares.
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