Marvell to buy chip startup Celestial AI for $3.25 billion, bullish on growth next year
SAN FRANCISCO: Chipmaker Marvell Technology said on Tuesday it will buy semiconductor startup Celestial AI in a deal worth $3.25 billion and gave a bullish forecast for its next fiscal year.
Marvell’s shares were up about 13% in extended trading.
The generative AI boom has sped up chipmakers’ development process, as they rush to design the fastest, most energy-efficient equipment for advanced data centers.
