Marvell and Google expand their chip development deal, with Marvell granting Google a warrant to buy up to 58M+ shares at $206.58 each, totaling up to $12.2B (Dana Wollman/Bloomberg)

Marvell and Google have broadened their chip-development partnership, with Marvell issuing a warrant that allows Google to purchase up to 58 million shares at $206.58 per share, valuing the potential transaction at roughly $12.2 billion. The expanded agreement deepens Google’s access to Marvell’s semiconductor technology while providing Marvell with a sizable equity commitment from the tech giant.