Marvell announces a deal to buy Celestial AI for at least $3.25B, expected to close in Q1 2026; the price can rise to $5.5B if Celestial hits revenue targets (Kif Leswing/CNBC)
PositiveArtificial Intelligence
- Marvell Technology Inc. has announced its intention to acquire Celestial AI for a minimum of $3.25 billion, with the potential to increase to $5.5 billion based on revenue targets. The deal is expected to close in the first quarter of 2026, marking a significant move in the semiconductor industry.
- This acquisition is poised to bolster Marvell's position in the AI sector, as it aims to enhance its custom chip-design capabilities. The positive market reaction has already led to a surge in Marvell's shares, reflecting investor confidence in the company's growth trajectory.
- The acquisition aligns with broader trends in the technology sector, where companies are increasingly investing in AI capabilities to drive innovation and competitiveness. Similar strategic moves by major players, such as Microsoft's and Nvidia's investments in AI startups, highlight the growing importance of AI technologies in shaping the future of the semiconductor and tech industries.
— via World Pulse Now AI Editorial System
