Credo Announces $875 Million Acquisition of DustPhotonics
Credo Technology Group (CRDO) announced the acquisition of DustPhotonics for $875 million, driving its stock up 20%. The deal expands Credo's presence in optical networking and silicon photonics, with management projecting over $500 million in revenue from optical products by fiscal 2027. The acquisition is seen as a strategic move to strengthen Credo's position in AI networking infrastructure.
Tickers: $CRDO
Topics: acquisition AI infrastructure Credo Technology Group optical networking stock movement