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Marvell In Advanced Talks to Buy Celestial AI in Multibillion DealExclusive

Marvell In Advanced Talks to Buy Celestial AI in Multibillion Deal

Marvell is in advanced talks to buy Santa Clara-based chip startup Celestial AI in a cash-and-stock deal worth multiple billions of dollars, according to people with knowledge of the deal. Under the deal they’re discussing, Marvell would pay several billion dollars upfront for the startup, which has yet to generate any revenue, according to one of the people. Celestial has the potential to receive performance earnouts if it hits certain product milestones, said the same person. The total deal...

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