[Marvell and Google Sign AI Chip Procurement and Stock Option Deal Worth Up to $12.2 Billion] Semiconductor giant Marvell has agreed to grant Google the right to purchase nearly 59 million shares of the company at $206.58 per share, with a total value of up to approximately $12.2 billion. Aside from about 1.4 million shares in the first year, the remaining stock options will vest in batches as Google procures $500 million worth of designated custom chips from Marvell. These chips will be used to support Google TPU.