Dec 1 (Reuters) – U.S. chipmaker Marvell Technology is in advanced talks to acquire chip startup Celestial AI in a cash-and-stock deal worth multiple billions of dollars, the Information reported on Monday, citing people with knowledge of the deal. Marvell and Celestial AI did not immediately respond to a Reuters’ request for comment. Reuters could […]
Science
Marvell in advanced talks to buy Celestial AI in multi-billion-dollar deal, The Information says
Audio By Carbonatix
Dec 1 (Reuters) – U.S. chipmaker Marvell Technology is in advanced talks to acquire chip startup Celestial AI in a cash-and-stock deal worth multiple billions of dollars, the Information reported on Monday, citing people with knowledge of the deal.
Marvell and Celestial AI did not immediately respond to a Reuters’ request for comment. Reuters could not immediately verify the report.
(Reporting by Mihika Sharma in Bengaluru; Editing by Janane Venkatraman)