NVIDIA Strengthens AI Alliance... Sells Partial Stake of Marvel Executive Amidst 2 Trillion Won Bet

On March 31, Marvell Technology, Inc. (NASDAQ: MRVL) announced a strategic partnership with NVIDIA to integrate its custom XPU and scale-up networking solutions into NVIDIA’s NVLink Fusion-powered AI Factory and AI-RAN ecosystems. At the same time, NVIDIA agreed to invest approximately $2.0 billion (about KRW 2.6 trillion) in Marvell.

Between April 1–2 and on April 6, Chief Legal Officer Mark Casper sold roughly 20,000 shares in the open market, raising about $2.7 million (approximately KRW 3.5 billion) in cash. Company filings note that these sales were discretionary and not directly tied to compensation-related stock exercises. Casper continues to hold equity both directly and in trust.

In early March, Marvell reported fiscal 2026 revenue of $8.2 billion (around KRW 11 trillion), reflecting over 40% year-over-year growth driven primarily by AI demand in data centers. Following the announcement of NVIDIA’s investment and the strategic partnership, Marvell’s share price jumped nearly 6% intraday on investor optimism.

Headquartered in Santa Clara, California, Marvell Technology is a semiconductor design firm focused on data-infrastructure applications. Its offerings include networking and storage chips, as well as high-performance optical interconnect solutions for data centers, telecom equipment, and cloud platforms. With custom silicon for AI workloads and high-bandwidth optical communications emerging as key growth drivers—and supported by collaborations with NVIDIA, AWS and others—Marvell is widely seen as a leading beneficiary poised to expand in the AI data-center chip and optical-networking markets.