Marvell to acquire Lumentum in $115 billion AI connectivity deal
Marvell says all-stock deal would create a 'category leader in AI connectivity' and step up the chipmaker's rivalry with Broadcom
Marvell Technology said Monday it will acquire Lumentum Holdings in an all-stock deal valued at $115 billion, one of the largest technology deals on record, as the custom chipmaker bets on an AI-driven shift toward optical connectivity in data centers.