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 move first and help define this transition will set the standard for decades to come." CNBC reports: Through the acquisition, Marvell said it can combine electrical and optical technologies to meet accelerating and shifting AI connectivity de

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