Intel stock dropped roughly 9% on Monday, extending losses after its worst trading day since 1974 last week, leaving the chipmaker worth less than half its late-September value. Memory and storage names including Micron, Sandisk, Seagate and Western Digital fell 6-8%, while Marvell dropped sharply even as it announced a $115 billion deal to acquire Lumentum. Chip and memory stocks have collectively lost about $3.7 trillion in market value since October 6, according to Yahoo Finance calculations, though Nvidia has held up comparatively well.
finance.yahoo.com
· 2026-11-03
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.
techcrunch.com
· 2026-11-02
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.
slashdot.org
· 2026-11-02
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.
cnbc.com
· 2026-11-02
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.
wsj.com
· 2026-11-02
Marvell, Microsoft and Oracle are collaborating on an initiative to standardize an integrated hardware security module (HSM) built to meet NIST FIPS 140-3 Level 3 certification for use in cloud and hyperscale data center infrastructure. The effort aims to create a common security standard that could be adopted across hardware used by large-scale cloud providers.
darkreading.com
· 2026-10-21
GlobalFoundries and Marvell Technology have extended their manufacturing partnership, with GlobalFoundries boosting silicon germanium (SiGe) production capacity at its Burlington, Vermont facility. The multi-year deal targets components used in pluggable optical transceivers, near-packaged optics, and co-packaged optics, technologies that data centers need to move data faster than copper wiring allows.
techspot.com
· 2026-09-18
Marvell Technology CEO Matt Murphy told CNBC that the company's ability to earn trust with major cloud computing customers over ten years has driven its shares up about 241% in the past year, far outpacing rival Broadcom's 6.6% gain. He pointed to new AI partnerships with Nvidia and Google, along with custom chip deals with all four major U.S. hyperscalers, as evidence of that trust paying off.
cnbc.com
· 2026-09-08
Marvell Technology's shares slid 8% in premarket trading even after the chipmaker beat second-quarter revenue expectations, posting $2.7 billion, up 37% year-over-year and $39 million above its own guidance. The company raised its fiscal 2028 revenue outlook to roughly $18 billion, about 50% growth, from a prior estimate of $16.5 billion, but offered scant detail on how it plans to get there.
cnbc.com
· 2026-08-28
At FMS 2026, Marvell pitched a three-part 'AI memory infrastructure' strategy built around CXL, combining its Structera X memory expansion controllers, the Structera S switch, and the Photonic Fabric optical tier from its Celestial AI acquisition. Only the Bravera SC6 PCIe 6.0 SSD controller, sampling in Q4 2026, is genuinely new; the rest has already been shipping or announced over the past two years, with Marvell VP Khurram Malik highlighting reused DDR4 memory paired with CXL as a top use case.
tomshardware.com
· 2026-08-24
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