Driven by A.I. Boom, Marvell and Lumentum Announce $115 Billion Merger
Marvell and Lumentum said they were combining, in a major bet on a technology, known as optical networking, that is increasingly being used in A.I. data centers.
TL;DR
- Marvell Technology is set to acquire Lumentum Holdings for $115 billion through a stock swap.
- The acquisition is a significant investment in optical networking technology for artificial intelligence data centers.
- This deal could become the largest tech company merger by value.
- Marvell, which provides chips for networking and AI, has expanded rapidly via acquisitions.
- Matthew Murphy has led Marvell as CEO since 2016.