MoneyAugust 19, 2026via Financial Times Technology
Google strikes $12bn AI chip deal with Marvell
Why it matters
Google secures long-term custom silicon capacity and strategic influence over a key chipmaker, signaling how hyperscalers are moving beyond Nvidia dependency. The equity option adds financial upside and tightens vertical integration in the compute buildout.
Key signals
- $12B expanded partnership with Marvell Technology
- Google gains option to buy shares (equity stake detail)
- US chipmaker — domestic supply strategy
- Deal includes custom AI chip development
- Strategic shift away from Nvidia dependency
- August 2026 announcement
The hook
$12B. Google just locked in its AI chip supply — and took an equity stake in Marvell.
Tech giant agrees expanded partnership with US chipmaker that includes option to buy shares