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Marvell to buy optical tech maker Lumentum in $115b deal
Marvell Technology has agreed to buy Lumentum Holdings, a San Jose-based maker of optical components for data centers and telecom networks, in an all-stock deal with an enterprise value of US$115 billion.
Marvell shareholders would own 67% of the combined company, the announcement said.
Lumentum supplies optical products and components used in data center links and optical transport. Marvell already buys laser technology from Lumentum.
The planned acquisition would deepen Marvell’s push into optical connections for AI systems after it completed its Celestial AI deal, which Marvell has said is part of its AI infrastructure strategy.
Lumentum also has a strategic relationship with Nvidia, which said it would develop advanced optics technology with the company and make a US$2 billion equity investment.
🔗 Source: Bloomberg
