Marvell Technology to acquire Celestial AI for $3.25bn.

Marvell Technology, a US-based semiconductor company, agreed to acquire Celestial AI, a machine learning accelerator company, for $3.25bn. “The acquisition of Celestial AI is a transformative step in Marvell’s evolution and expands our leadership in AI connectivity, as scale-up becomes the next frontier in AI infrastructure. This builds on our technology leadership, broadens our addressable market in scale-up connectivity, and accelerates our roadmap to deliver the industry’s most complete connectivity platform for AI and cloud customers,” Matt Murphy, Marvell Chairman and CEO.