[Marvell Technology Expands Chip Development Partnership with Google, Grants Google Stock Warrants] DeepTechFlow reports that on August 19, Marvell Technology and Google announced an expansion of their chip development partnership, which includes Marvell granting Google a stock warrant allowing it to purchase up to $12.2 billion worth of Marvell shares. In a regulatory filing on Wednesday, Marvell Technology stated that Google could purchase up to 58,970,907 shares at a price of $206.58 per share. According to the filing, nearly 1.4 million warrant shares will vest quarterly during the first year after the agreement is signed. The remaining shares will vest in installments on a "discretionary purchase" basis from Marvell Technology's fiscal Q3 2027 through the end of fiscal 2033, with each batch vesting upon generating $500 million in revenue from co-developed products. According to the statement, the two companies will collaborate in areas such as AI inference accelerators, storage controllers, network interface controllers, memory interface controllers, and near-memory computing. (Jin10)