Credo Technology Acquires DustPhotonics for Expansion into Silicon Photonics
Credo Technology (CRDO) stock rose significantly after announcing its acquisition of DustPhotonics for $750 million to expand into silicon photonics and optical connectivity. The acquisition aims to diversify Credo's product portfolio, which currently focuses on copper-based electrical interconnects, and enhance its offerings in high-speed data center connectivity.
Tickers: $CRDO
Topics: acquisition data centers expansion silicon photonics stock movement