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AI & Enterprise

Nvidia to invest $2 billion in Marvell to expand AI chip networking technology

Nvidia will invest $2 billion in Silicon Valley chipmaker Marvell, the Financial Times and Bloomberg News reported on Tuesday. The move aims to strengthen competitiveness in networking technology linking AI data centres. The two companies will jointly develop silicon photonics to upgrade data centre networking systems and increase data transmission speeds. Marvell has supported U.S. cloud service companies, including Amazon, in designing in-house AI chips.

AI & Enterprise

Nvidia quietly emerges as big player in AI networking, surpasses Cisco revenue

Nvidia is quietly growing its AI networking business as another key revenue source alongside chips, TechCrunch reported on March 18. Nvidia’s networking unit has surged since its 2020 acquisition of Mellanox, posting $11 billion in revenue last quarter, up 267% from a year earlier. Full-year revenue reached $31 billion. A Zacks strategist said Nvidia’s quarterly networking revenue exceeds the size of Cisco’s entire networking business.