Marvell to Acquire Lumentum in $115 Billion All-Stock Deal to Dominate AI Optical Infrastructure
Marvell Technology has agreed to acquire optical-components maker Lumentum in an all-stock transaction valued at $115 billion. The move positions Marvell as a major competitor to Broadcom by securing critical laser and optical link capabilities for AI data centers. The deal reflects confidence in sustained AI spending and follows Marvell’s recent expansion into photonics through its $3.5 billion purchase of Celestial AI.