Marvell to Acquire Lumentum in $115 Billion All-Stock Deal
Custom chip designer Marvell has entered into a definitive agreement to acquire optical chip and networking equipment manufacturer Lumentum. The all-stock transaction carries an enterprise value of $115 billion, including debt, with an equity value of approximately $80 billion. Under the terms of the deal, Marvell shareholders will provide 4.5 shares of common stock for every share of Lumentum. The acquisition is strategically aimed at positioning Marvell as a dominant leader in AI connectivity, integrating Lumentum's optical technologies with Marvell's chip portfolio to serve data center markets. Notably, Nvidia holds significant interests in both companies, having previously invested $2 billion into each to bolster their respective R&D and networking capabilities. The transaction is subject to regulatory approval and shareholder consent, with an expected closing date in the first half of calendar year 2028.
Topics: AI Connectivity M&A Optical Networking Semiconductors
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Part of the story Marvell Technology Announces $115 Billion All-Stock Acquisition of Lumentum Holdings (19 articles)