GoKawiil
Tech News
Marvell has agreed to acquire optical chip and networking equipment maker Lumentum in an all-stock transaction valued at $115 billion including debt, with an equity value of roughly $80 billion. Under the terms, Marvell will exchange 4.5 shares of its stock for each Lumentum share, with the deal expected to close in the first half of 2028 pending shareholder and regulatory approval.
Marvell has agreed to buy optical components maker Lumentum in an all-stock transaction with an implied enterprise value of $115 billion. Lumentum shareholders will receive 4.5 Marvell shares for each share they hold, with the deal expected to close in the first half of 2028. Marvell CEO Matt Murphy said the combination targets a shift toward optical connectivity in AI infrastructure.
Marvell Technology announced an all-stock acquisition of optical components maker Lumentum, with shareholders set to receive 4.5 Marvell shares per Lumentum share. The deal carries an implied enterprise value of $115 billion and is expected to close in the first half of 2028. Shares of both companies fell in premarket trading following the announcement.
Marvell Technology and Lumentum announced an all-stock merger valued at roughly $115 billion, including assumed debt. The companies said the combined entity will focus on AI connectivity technology.
The Advanced Photonics Coalition announced a set of new standards at the PECC Summit intended to enable high-volume manufacturing of optical networking equipment. The move comes as AI data centers push past copper's bandwidth limits and as optical component makers like Lumentum report being sold out of key parts through 2028-2029, partly due to supply constraints on materials like indium phosphide.