Marvell to Acquire Lumentum in All-Stock AI Connectivity Deal
· Technology · CNBC, Financial Times
Marvell Technology announced an agreement to acquire optical components maker Lumentum in an all-stock transaction with an implied enterprise value of $115 billion for Lumentum. Under the fixed-ratio agreement, Lumentum shareholders will receive 4.5 Marvell shares for each share they hold. Marvell CEO Matt Murphy stated the tie-up aims to create a category leader in AI data center infrastructure by combining electrical and optical semiconductor technologies. Following the announcement on Monday, Marvell shares slumped 6% while Lumentum stock sank 11%. The transaction is scheduled to close during the first half of 2028.
Why it matters
The multibillion-dollar acquisition reshapes the semiconductor supply chain for artificial intelligence data centers facing exploding connectivity demands.
Read the original report — CNBC
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.