FILE PHOTO: Chipmaker Marvell Technology said it will buy semiconductor startup Celestial AI in a cash-and-stock deal worth $3.25 billion.
| Photo Credit: KSL
Chipmaker Marvell Technology said on Tuesday it will buy semiconductor startup Celestial AI in a cash-and-stock deal worth $3.25 billion, as it looks to upgrade its networking products amid intensifying competition from bigger rivals Broadcom and Nvidia.
Marvell’s shares were down 6% 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.
Under the terms of the deal, Celestial AI will receive $1
billion in cash and 27.2 million shares of Marvell common stock,
having a value of $2.25 billion.
Published – December 03, 2025 10:36 am IST