Marvell to Buy Lumentum In $115 Billion Bet On AI Connectivity
Marvell has agreed to acquire optical components maker Lumentum in an all-stock deal with an implied enterprise value of $115 billion. “AI infrastructure is undergoing a fundamental architectural shift toward optical connectivity, creating an opportunity that comes along once in a generation,” said Marvell Chairman and CEO Matt Murphy. “The companies that … ⌘ Read more