SAN FRANCISCO, Dec 2 : Chipmaker Marvell Technology 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 about 13 per cent in extended trading.

The generative AI boom has sped up chipmakers' development process, as they rush to design the fastest, most energy-efficient equipment for advanced data centers. Marvell and rival Broadcom help cloud-computing companies design custom chips tuned to their specific needs for data center use, and that work has grown into a large business for both companies.

The company expects roughly $10 billion in total revenue for its next fiscal year, including a 25 per cent jump in data center revenue, Marvell CEO Matt Murphy said. It does no

See Full Page