Form 8-K · Current report
Marvell Technology 8-K, filed Aug 19, 2026
- Filed
- CIK
- 0001835632
- Accession no.
- 0001193125-26-356217
Summary
Marvell Technology and Google entered into a commercial agreement on July 29, 2026 under which Marvell will develop a range of custom semiconductor products for Google's TPU ecosystem, and Marvell issued Google a warrant on August 18, 2026 to purchase up to 58,970,907 shares of Marvell common stock at $206.58 per share.
Key points
- The custom silicon programs cover AI inference accelerators, storage controllers, network interface controllers, memory interface controllers, and near-memory compute.
- 1,360,867 warrant shares vest in equal quarterly installments during the first year; the remaining shares vest in 240 equal tranches, one per $500 million in Custom Products revenue, from Marvell's fiscal 2027 third quarter through fiscal 2033.
- The warrant is exercisable in whole or in part until August 18, 2033, and may not be transferred other than to controlled affiliates without Marvell's consent.
- The warrant was issued in reliance on the Section 4(a)(2) registration exemption, and Google holds customary registration rights on the warrant shares.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 3.02Unregistered Sales of Equity Securities
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry into a Material Definitive Agreement. On July 29, 2026, Marvell Technology, Inc. (the “Company”) and Google LLC (“Google”) entered into a commercial agreement relating to the Company’s development of custom semiconductor products to Google (the “Custom Products”). The expanded partnership spans a comprehensive range of custom silicon programs that attach to the TPU ecosystem, including AI inference accelerators, storage controllers, network interface controllers, memory interface controllers, and near-memory compute. …
An excerpt of the text as filed with the SEC, cut for length.
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