"Hyperscalers are investing billions in custom chips to reduce costs and enhance performance, with the custom ASIC market for AI data centers projected to reach $118 billion by 2033 at a 27% compound annual growth rate."
"Marvell Technology's data center revenue reached a record $6.1 billion in fiscal 2026, driven by custom silicon that scaled to a $1.5 billion annual run-rate across 18 cloud-provider design wins."
"Google is negotiating TPU development projects with Marvell, focusing on a dedicated LLM inference chip optimized for large-language-model workloads, diversifying suppliers to optimize cost and performance."
"Marvell's custom ASIC business could capture 20% to 25% of the $118 billion ASIC opportunity, translating to $23.6 billion to $29.5 billion in annual revenue from this segment alone by the early 2030s."
The custom ASIC market for AI data centers is expected to grow significantly, reaching $118 billion by 2033. Marvell Technology has achieved record data center revenue of $6.1 billion in fiscal 2026, driven by custom silicon. Recent deals with Nvidia and ongoing negotiations with Google enhance Marvell's position in the AI ecosystem. Google's discussions include developing a dedicated LLM inference chip, indicating a diversification of suppliers. Marvell's custom ASIC business could capture 20% to 25% of the ASIC market, potentially generating $23.6 billion to $29.5 billion in annual revenue by the early 2030s.
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