Marvell Technology to Acquire Celestial AI in Deal Valued at About $2.35 Billion

Marvell Technology, a U.S. semiconductor maker, said it has entered a definitive agreement to acquire AI-focused startup Celestial AI in a transaction valued at about US $2.35 billion, marking a major strategic move to bolster its capabilities in data-centre and AI infrastructure technology. Under the agreement, Marvell will pay approximately $1 billion in cash and … Continue reading Marvell Technology to Acquire Celestial AI in Deal Valued at About $2.35 Billion