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TECHNOLOGY 3/9
Marvell to acquire Lumentum in $115bn all-stock AI deal
Marvell Technology is acquiring optical components maker Lumentum in a $115 billion all-stock deal aimed at leading AI connectivity.
Marvell Technology announced it will acquire Lumentum Holdings in a $115 billion all-stock deal, one of the largest tech acquisitions ever. The deal will combine Marvell's data infrastructure semiconductors with Lumentum's optical components including lasers and circuit switches. Marvell CEO Matt Murphy said the merger addresses 'a fundamental architectural shift toward optical connectivity' in AI data centres, creating what he called a generational opportunity. The deal is expected to close in the first half of 2028 and requires shareholder and regulatory approval. Lumentum shareholders will receive 4.5 Marvell shares for each share held. Both Marvell and Lumentum have received $2 billion investments from Nvidia, which has stakes in both companies.
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