Economy · 15 h ago

Marvell to buy Lumentum in a $115-billion all-stock AI deal

Marvell makes data infrastructure chips, and Lumentum makes lasers and optical switches used in data centres. Marvell says the combined company will lead in AI connectivity.

What's next

Marvell shares slid more than 1 per cent and Lumentum almost 3 per cent before the market opened. The deal needs shareholder approval and is expected to close in the first half of 2028.

Economy · 15 h ago

Marvell to buy Lumentum in a $115-billion all-stock AI deal

Marvell makes data infrastructure chips, and Lumentum makes lasers and optical switches used in data centres. Marvell says the combined company will lead in AI connectivity.

Marvell shares slid more than 1 per cent and Lumentum almost 3 per cent before the market opened. The deal needs shareholder approval and is expected to close in the first half of 2028.