Broadcom Loses Key Customer to Marvell in Google Cloud Infrastructure Deal

Broadcom has faced stiff competition from Marvell in its bid to supply chipsets for Google's cloud infrastructure. The two companies have been vying for a spot as one of Google Cloud Platform's (GCP) key suppliers, with Broadcom having previously held the contract.

Marvell announced on Monday that it had secured a deal with Google, which is set to provide the chipsets for GCP's network infrastructure. The move marks a significant blow to Broadcom, whose stock price has fallen in response to the news.

Google Cloud Platform has been expanding rapidly in recent years, and the contract with Marvell is seen as a key win for the company. Broadcom had held the contract since 2017 but was reportedly struggling to meet Google's demands due to supply chain issues.