Marvell to acquire Lumentum in $115B all-stock deal to bolster AI data center portfolio

Marvell announced an all-stock acquisition of Lumentum for $115B, combining Lumentum's optical components with Marvell's custom AI chips and networking. The deal signals consolidation in the AI infrastructure supply chain, aiming to offer integrated solutions for data center buildouts. Regulatory approval and integration risks remain, but the move underscores intensifying competition in AI hardware.

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