Marvell Technology agreed to acquire Lumentum Holdings in an all‑stock transaction valued at $115 billion, a bid to create a heavyweight in optical components and networking gear for AI data centers. The companies said combining Marvell’s data‑infrastructure chips with Lumentum’s lasers and switches would yield an end‑to‑end platform for the rapid shift toward optical connectivity in AI workloads. Shares of both companies slipped in premarket trading as investors weighed deal size and integration risk. Lumentum drew attention earlier this year when Nvidia took a $2 billion stake, underscoring intensifying interest in optical links as AI models scale. The deal, among the largest in tech, requires shareholder approvals and is slated to close in the first half of 2028, amid a nationwide boom in data‑center construction that has stirred community pushback. Regulators are expected to scrutinize the transaction given its scale and the companies’ roles in critical AI infrastructure.
Related articles:
— Lumentum Holdings
— Inphi Corporation
— Mellanox Technologies
— Optical interconnect
— Silicon photonics
