Marvell Technology Announces Acquisition of Lumentum in All-Stock Deal to Boost AI Optical Connectivity
Marvell Technology (MRVL) has entered into an agreement to acquire optical components manufacturer Lumentum in an all-stock transaction. The move is designed to integrate Marvell's electrical technologies with Lumentum's optical capabilities, addressing the massive demand for high-speed connectivity required by AI data centers and large language model training. Under the terms of the deal, Lumentum shareholders will receive 4.5 Marvell shares for each share they hold. The acquisition is expected to close in the first half of 2028. This strategic move follows Marvell's recent multibillion-dollar acquisition of Celestial AI, signaling a sustained long-term commitment to dominating the optical interconnectivity market despite broader industry concerns regarding infrastructure spending sustainability.
Topics: Artificial Intelligence M&A Optical Connectivity Semiconductors
Part of the story Marvell Technology Announces $115 Billion All-Stock Acquisition of Lumentum Holdings (19 articles)