Marvell: Estimated revenue from custom AI chips to reach $12 billion by the fiscal year 2029
2026-10-07 23:34:05
According to CoinMeta, Marvell expects its custom AI chip business revenue to reach $12 billion by the fiscal year 2029, with cooperation with Google potentially generating up to $120 billion in revenue by the fiscal year 2033. The company has also raised its revenue forecast for the fiscal year 2028 to approximately $20 billion, exceeding Wall Street's expectations due to the accelerating demand for custom silicon, networking, and data center infrastructure. Marvell disclosed its expanded relationship with Google in the SEC document, which covers custom products related to Google's TPU ecosystem, including inference accelerators, network controllers, and near-memory computing. Google has also obtained the right to purchase nearly 59 million shares of Marvell at $206.58 per share, with some of the transactions aligned with the future execution of Marvell. Marvell has currently generated approximately $2.17 billion in data center revenue in the latest quarter, a year-on-year increase of 46%.
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Source:Coinpaper
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