Marvell Is in Advanced Talks to Acquire Lumentum Amid AI Optics Growth
Photo: TokenPost
Marvell Technology is in advanced talks to acquire Lumentum Holdings, a potential deal linking the chipmaker with a supplier of optical components used in data centers. An announcement could come as soon as next week. The companies have not announced a deal, and its terms and outcome remain uncertain. Lumentum’s market capitalization is about $83 billion, compared with about $221 billion for Marvell. In after-hours trading, Lumentum shares rose as much as 9%, while Marvell shares fell more than 8%. Lumentum makes optical components for communications networks and data centers.
Source: TokenPost
