Marvell announces acquisition of Lumentum via all-stock deal to expand its AI photonic interconnect portfolio
Lumentum shareholders can exchange one share for 4.5 Marvell common shares. The merger covers the entire photonic interconnect technology chain, with an estimated annual savings of over $1 billion and a target market size of $550 billion. This move signals major consolidation in the AI computing supply chain by a giant in optical communications.
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