Marvell wins new AI chip business, but at lower margins
ETtech.com -

Marvell Technology has won new business helping large U.S.-based cloud computing firms make custom chips for artificial intelligence it said on Thursday, but noted that its custom unit carries lower margins than other lines of business. Shares fell 2.7% after Marvell executives discussed the business during an investor presentation. Marvell said it expects the AI chip business to hit $2.5 billion in sales by its fiscal 2026. Marvell helps customers such as Amazon.com design custom chips for...

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