Credo Technology Group Acquires DustPhotonics for $750 Million
Credo Technology Group Holding Ltd (NASDAQ:CRDO) has agreed to acquire DustPhotonics for $750 million in cash and stock, enhancing its optical transceiver portfolio. The acquisition is expected to boost Credo's optical revenue to over $500 million by fiscal 2027 and is anticipated to close in Q2 2026 after regulatory approvals.
Tickers: $CRDO
Topics: acquisition data center optical networking semiconductor Silicon Photonics