NVIDIA Corporation Bets $2 Billion on Marvell as Custom AI Chip Race Heats Up
Nvidia invested $2 billion in Marvell Technology and expanded their partnership to integrate Marvell’s custom AI chips and networking with Nvidia systems. Marvell shares jumped 7% and Nvidia rose 2.7% after the announcement. The deal includes collaboration on custom processors and silicon photonics for faster, lower-power data transfer. Major tech firms are expected to spend at least $630 billion on AI infrastructure this year.