Credo Technology Group Acquires DustPhotonics to Expand AI Connectivity Leadership
Credo Technology Group (NASDAQ: CRDO) announced the acquisition of DustPhotonics for $750 million in cash and shares, aiming to expand its leadership in AI connectivity through silicon photonics. The deal is expected to boost Credo's earnings per share starting in fiscal 2027 and strengthen its position in the growing optical industry, which is projected to reach $6 billion by 2030.
Topics: acquisition AI connectivity Credo Technology Group DustPhotonics optical technology stock price movement