Marvell Technology secures Google co-development deal for custom AI chips as hyperscalers shift away from Nvidia dependence

Marvell Technology is in talks with Alphabet's Google to co-develop two custom AI chips: a memory processing unit and a next-generation Tensor Processing Unit (TPU) for inference workloads. The company holds 18 design wins with hyperscalers including Microsoft and Amazon.

Marvell designs custom ASICs (application-specific integrated circuits) and connectivity fabric—including PCIe, Ethernet, and photonic networking—that enable AI data centers to function. It acquired Celestial AI for $3.25 billion to bring photonic interconnect technology in-house, which moves data between chips at the speed of light and addresses bandwidth constraints in multichip AI systems.

Marvell's custom ASIC business grew from near zero to $1.5 billion in annual revenue in a single fiscal year. In fiscal 2026 (ended Jan. 31), revenue grew by 42% to $8.2 billion, with management expecting $15 billion in total sales in fiscal 2028 and projected top-line growth of more than 30% in the current year and close to 40% in the next.