Marvell in Talks to Buy Lumentum
Marvell Technology is in advanced discussions to acquire optical components maker Lumentum Holdings in a deal that could be announced next week. Lumentum shares rose significantly following the report as demand for AI data center infrastructure grows.
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Marvell Technology is in advanced talks to acquire data-center optics maker Lumentum Holdings, in a transaction that would value the target firm at roughly $91B. The negotiations remain private, according to people familiar with the matter speaking on Wednesday evening. The potential tie-up highlights how surging artificial intelligence infrastructure spending is reshaping networking hardware supply chains.
