# Marvell Technology, Inc. (MRVL) — capital_raise/public_offering [announced]
Source: sec.gov · situation sit_0bd80edafa6f3a01c9d9 · public 9264342331513426668 · retrieved 2026-08-20T12:40:21.673Z

## Overview
Marvell Technology, Inc. is a semiconductor company that develops custom silicon products, including AI inference accelerators, storage controllers, network interface controllers, memory interface controllers, and near-memory compute solutions.

Marvell Technology and Google LLC entered into a commercial agreement on July 29, 2026 for Marvell to develop custom semiconductor products for Google's TPU ecosystem, including AI inference accelerators, storage controllers, network interface controllers, memory interface controllers, and near-memory compute. In connection with this collaboration, on August 18, 2026, Marvell issued Google a warrant to purchase up to 58,970,907 shares of common stock at an exercise price of $206.58 per share. Of these warrant shares, 1,360,867 vest in equal quarterly installments over the first year following execution. The remaining 57,610,040 warrant shares vest based on discretionary purchases by Google and its affiliates, with one tranche (240,042 shares) vesting for each $500 million in qualifying custom products revenue achieved through the end of Marvell's fiscal year 2033. The warrant is exercisable until August 18, 2033.

## Terms
- Counterparty: Google LLC · Consideration: stock · Price/share: $206.58

## Key dates
- Announced 2026-08-19 · Expiry 2033-08-18

## Timeline
- 2026-08-19 · 8-K (0001193125-26-356217): 8-K - Marvell Technology, Inc. — *Marvell Technology, Inc. is a semiconductor company that develops custom silicon products, including AI inference accelerators, storage controllers, network interface controllers, memory interface controllers, and near-memory compute solutions.* Marvell Technology and Google LLC entered into a commercial agreement on July 29, 2026 for Marvell to develop custom semiconductor products for Google's TPU ecosystem, including AI inference accelerators, storage controllers, network interface controllers, memory interface controllers, and near-memory compute. In connection with this collaboration, on August 18, 2026, Marvell issued Google a warrant to purchase up to 58,970,907 shares of common stock at an exercise price of $206.58 per share. Of these warrant shares, 1,360,867 vest in equal quarterly installments over the first year following execution. The remaining 57,610,040 warrant shares vest based on discretionary purchases by Google and its affiliates, with one tranche (240,042 shares) vesting for each $500 million in qualifying custom products revenue achieved through the end of Marvell's fiscal year 2033. The warrant is exercisable until August 18, 2033.
  https://www.sec.gov/Archives/edgar/data/1835632/0001193125-26-356217.txt

## Citations
- 0001193125-26-356217 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526356217