Credo Technology Group Acquires DustPhotonics to Expand Optical Interconnect Solutions
Credo Technology Group (CRDO) reported a significant revenue increase and announced a $750 million acquisition of DustPhotonics to develop optical interconnect solutions. The move aims to address the limitations of copper in AI data centers, which are facing a growing copper deficit and rising prices, impacting companies like Freeport-McMoRan (FCX).
Topics: AI Copper Limitations Data Centers Mergers and Acquisitions Optical Technology