Principal Analog Design Engineer

Why Google's Marvell chip deal matters to Penang. Google's option to take a US$12.2 billion stake in Marvell is a bet on custom AI chips. The finishing work those chips need is Penang's business. Dinesh Raj Features Editor · 21 Aug 2026, 7:23am Google has just made one of its biggest bets yet on designing its own chips, and the ripple from it runs straight through Penang. In a deal disclosed this week, chipmaker Marvell handed Google the option to buy a stake worth about US$12.2 billion (roughly RM52 billion), part of a wider agreement to build the custom silicon that runs Google's data centres. It is a boardroom move in California, but the work it points to, the finishing and packaging of chips like these, is exactly the business Malaysia has spent years and billions positioning itself to win. Table of contents. The deal, in plain terms. Marvell granted Google a warrant to buy up to 58.97 million of its shares at US$206.58 each, which would make Google its fifth-largest shareholder if fully exercised. CNBC reported that the commercial agreement was signed on 29 July and could be worth roughly US$120 billion in revenue to Marvell through 2033 if Google keeps hitting its targets. In return, Marvell will develop AI inference accelerators along with the storage, networking, memory controllers and near-memory computing that Google's in-house TPU chips depend on. Marvell shares rose around 10% on the news. Broadcom, its larger rival in the custom-chip business, fell about 3%. The signal underneath the numbers is the part that matters. The giants that run the internet are increasingly designing their own processors instead of buying general-purpose graphics chips off the shelf, and they are pulling partners like Marvell deeper into that work. Every one of those custom chips still has to be physically built, and modern AI silicon is now far too big and too complex to be made in a single step. Why this is quietly Malaysia's story. Here is the part that never makes the international headlines. A finished AI chip is no longer one slab of silicon. It is several pieces, often from different factories, stacked and wired together with banks of high-bandwidth memory sitting right beside the processor. That stitching-together stage is called advanced packaging, and it is the fastest-growing, highest-value corner of chipmaking. It is also a corner Malaysia already works in at scale. Penang and Kulim have been assembling, testing and packaging the world's chips for half a century, and the country is now spending heavily to move up from basic work into the advanced kind these AI processors need. Intel's new advanced packaging plant in Penang, part of a RM12 billion commitment, is due to begin operations later this year. The government has put RM185 million behind local firms making the same jump. And five Malaysian companies, including Inari Amertron, Pentamaster and SkyeChip, have formed a consortium aiming to capture 7% of the global advanced packaging market, about US$5 billion a year, by 2035. So when Google commits billions to custom chips through Marvell, it is adding to a wave of demand for precisely the step Malaysian firms and Malaysian engineers are being built to handle. It is the same logic behind the country's push to build its own AI rather than just use it. The money and the ambition keep pointing at the same place. What to watch. None of this is guaranteed to land here. The design work and the fattest margins still sit with the American firms, and advanced packaging is a fiercely contested field where Taiwan, South Korea and China are spending just as aggressively. There is also the awkward truth Malaysian buyers already feel: as memory and advanced chips grow scarcer and pricier, the devices in its pockets get more expensive too, a squeeze ProductNation broke down in why phones keep getting more expensive this year. Whether Malaysia turns its packaging head start into lasting value depends on execution, not press releases. For now the takeaway is simple. The next generation of AI chips is being ordered in California, and a meaningful share of the hands that finish them will be in Penang.

Google has expanded its custom chip partnership with Marvell Technology, sending the chipmaker's shares up about 10% on Wednesday. The deal includes a warrant giving Google the right to purchase nearly 59 million Marvell shares at $206.58 each — worth approximately $12.2 billion at the exercise price. The warrant vests in 240 instalments of roughly 240,000 shares each. One instalment unlocks for every $500 million Marvell earns from Google for custom products, totalling $120 billion in potential purchases. The vesting period runs from August 2026 through January 2033. Only revenue from specific custom semiconductors counts, including AI inference accelerators, storage controllers, and network interface controllers tied to Google's TPU chip ecosystem. Marvell reported $2.4 billion in total revenue for its most recent fiscal quarter, with data centre sales accounting for 76% of that figure.

Alphabet (NASDAQ:GOOGL) raised to "strong-buy" at Rosenblatt Securities. August 21, 2026 Key points. * Rosenblatt Securities upgraded Alphabet to "strong buy," adding to a broadly bullish analyst consensus of "buy" and a $420.19 average price target. * Alphabet reported quarterly EPS of $9.11, far exceeding the $2.89 consensus estimate, while revenue reached $119.80 billion versus expectations of $117.07 billion. * Alphabet's AI expansion remains a key focus, including an expanded custom-chip partnership with Marvell and the broader rollout of Waymo's lower-cost robotaxi service. * Five stocks to consider instead of Alphabet. Alphabet (NASDAQ:GOOGL - Get Free Report) was upgraded by investment analysts at Rosenblatt Securities to a "strong-buy" rating in a research report issued on Wednesday,Zacks.com reports. Several other analysts have also recently commented on the company. Phillip Securities upgraded Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 27th. Mizuho increased their price target on Alphabet from $420.00 to $460.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 6th. Loop Capital raised their price target on Alphabet from $355.00 to $490.00 and gave the company a "buy" rating in a report on Friday, May 15th. KeyCorp lifted their price objective on shares of Alphabet from $425.00 to $445.00 and gave the company an "overweight" rating in a research note on Friday, July 10th. Finally, Citigroup restated an "outperform" rating on shares of Alphabet in a research note on Monday, May 4th. Six equities research analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, Alphabet presently has an average rating of "Buy" and a consensus price target of $420.19. Alphabet trading down 1.2%. Alphabet stock opened at $340.67 on Wednesday. Alphabet has a 52-week low of $199.43 and a 52-week high of $408.61. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $4.17 trillion, a price-to-earnings ratio of 17.11, a PEG ratio of 0.97 and a beta of 1.24. The firm has a 50-day moving average price of $352.30 and a two-hundred day moving average price of $341.34. Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $2.89 by $6.22. The company had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. Sell-side analysts expect that Alphabet will post 20.51 earnings per share for the current year. Insider transactions at Alphabet. In other news, insider John Kent Walker sold 8,998 shares of the company's stock in a transaction on Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the completion of the sale, the insider owned 75,290 shares in the company, valued at $26,298,044.10. This represents a 10.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Frances Arnold sold 82 shares of the firm's stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $333.39, for a total value of $27,337.98. Following the transaction, the director directly owned 18,914 shares of the company's stock, valued at $6,305,738.46. This represents a 0.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 451,945 shares of company stock worth $12,382,714 over the last 90 days. 11.61% of the stock is currently owned by corporate insiders. Institutional trading of Alphabet. A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of Alphabet during the fourth quarter worth $30,534,239,000. Cardano Risk Management B.V. boosted its position in shares of Alphabet by 855.3% in the 4th quarter. Cardano Risk Management B.V. now owns 14,525,280 shares of the information services provider's stock valued at $4,546,413,000 after purchasing an additional 13,004,828 shares during the period. Vanguard Group Inc. boosted its position in shares of Alphabet by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider's stock valued at $165,567,398,000 after purchasing an additional 12,531,695 shares during the period. Capital World Investors increased its stake in Alphabet by 28.0% in the 3rd quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock worth $12,910,542,000 after purchasing an additional 11,605,785 shares in the last quarter. Finally, Diamant Asset Management Inc. increased its stake in Alphabet by 28,950.0% in the 1st quarter. Diamant Asset Management Inc. now owns 9,291,926 shares of the information services provider's stock worth $2,671,986,000 after purchasing an additional 9,259,940 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors. Key Alphabet news. Here are the key news stories impacting Alphabet this week: * Positive Sentiment: Rosenblatt Securities reaffirmed its "buy" rating and set a $410 price target, implying substantial upside from the reference price. The bullish view reflects confidence in Alphabet's AI growth and earnings outlook. Benzinga article * Positive Sentiment: Alphabet's expanded custom-chip partnership with Marvell Technology strengthens its AI supply chain and reduces reliance on Broadcom. Marvell granted Google a warrant for up to 58.97 million shares, with most of the warrant vesting as Marvell generates as much as $120 billion in cumulative purchases from Google through 2033. The structure signals potentially significant long-term AI infrastructure spending, although the maximum commitment is not guaranteed. Google's Marvell Warrant Doesn't Fully Vest Until Google Buys $120 Billion of Chips * Positive Sentiment: Waymo opened its lower-cost next-generation robotaxi to all riders in Los Angeles, Phoenix and San Francisco, supporting Alphabet's effort to scale a potentially valuable autonomous-vehicle business. Waymo's cheaper, next-gen robotaxi is now open to all riders in these three cities * Positive Sentiment: Berkshire Hathaway's continued ownership and increased exposure to Alphabet provide a high-profile vote of confidence in the company's AI positioning and long-term prospects. Berkshire Hathaway Just Bought More of This Brilliant Artificial Intelligence Stock Alphabet company profile. Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google's core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play. Beyond Google's consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions. Further reading. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Alphabet, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alphabet wasn't on the list. While Alphabet currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys. Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you'll find 7 stocks that could play a major role in the next tech-driven market boom.