Press Digest: Financial Times - Aug 20

Marvell Technology

20/08/2026 03:52

Aug 20 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
     
Headlines
Stripe to buy start-up OpenRouter in $8 billion deal
Google strikes $12 billion AI chip deal with Marvell
UK software group Pinewood agrees £545 million PE takeover by Ridgeview
Chinese carmaker Chery to open UK R&D centre
Overview
Payments firm Stripe said it had agreed to buy OpenRouter for $8 billion, which helps businesses route and optimize token usage, its latest bet on the fast-growing AI industry.
 Google GOOGL.O has struck a dealwith Silicon Valley semiconductor group Marvell Technology MRVL.O to develop custom AI chips, including an option to buy up to $12.2 billion in Marvell shares.
UK software group Pinewood Technologies has agreed a £545 million ($741.36 million) takeover by US private equity firm Ridgeview Partners, months after rival buyout group Apax withdrew its offer over fears of AI’s impact on software companies.
Chery Automobile 9973.HK will establish a research and development centre in Britain this year, the company said on Wednesday, as demand for Chinese cars grows in the country.
     
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(Compiled by Bengaluru newsroom)
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