Credo Technology Group Acquires DustPhotonics for $875 Million
Credo Technology Group (CRDO) announced the acquisition of DustPhotonics for $875 million, significantly expanding its presence in optical networking. The deal includes $750 million in cash and shares, and is expected to enhance Credo's role in AI infrastructure. The stock surged 20% following the announcement.
Tickers: $CRDO
Topics: acquisition AI infrastructure Credo Technology Group DustPhotonics optical networking stock movement