Marvell to buy chip startup Celestial AI for $3.25 billion, bullish on growth next year; stock rises

SAN FRANCISCO, Dec 2 (Reuters) - Chipmaker Marvell Technology (MRVL) said on Tuesday it will buy semiconductor startup Celestial AI in a deal worth $3.25 billion and gave a bullish forecast for its ​next fiscal year. Marvell's shares were up almost 10% in premarket trading on Wednesday on the heels of its quarterly earnings report after market close. The generative AI boom has sped up chipmakers' development ‌process, as they rush to design the fastest, most energy-efficient equipment for advanced data ...