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Marvell pops on report it will help Google with custom AI chips

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Shares of Marvell Technology gained nearly 6% on Monday amid reports that Google will use the chip design firm for two new chips to power artificial intelligence workloads.

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Until now, Google has relied on Marvell rival Broadcom for the design of its in-house Tensor Processing Units, or TPUs. The potential deal between Google and Marvell could include a TPU as well as a memory processing unit, The Information reported on Sunday. Both Marvell and Broadcom help their customers translate chip designs into silicon, providing back-end support before the processors are sent off to be manufactured at huge fabrication plants by companies like Taiwan Semiconductor Manufacturing Company. It's a role that's fueled the growth of both Marvell and Broadcom as more tech giants design in-house accelerators for AI.

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