Add as a preferred source on GoogleMarvell Is in Advanced Talks to Acquire Lumentum Amid AI Optics Growth
Lumentum has a market capitalization of about $83 billion, and its shares rose as much as 9% after hours as Marvell stock fell more than 8%.
Marvell Technology is in advanced talks to acquire Lumentum Holdings, a potential deal linking the chipmaker with a supplier of optical components used in data centers.
An announcement could come as soon as next week. The companies have not announced a deal, and its terms and outcome remain uncertain.
Lumentum’s market capitalization is about $83 billion, compared with about $221 billion for Marvell. In after-hours trading, Lumentum shares rose as much as 9%, while Marvell shares fell more than 8%.
Lumentum makes optical components for communications networks and data centers. Expanding AI workloads are increasing the need to move data faster, and Marvell already buys laser products from Lumentum.
Marvell reported about $3.92 billion in cash and cash equivalents in its latest quarter. It announced plans to acquire optical technology company Celestial AI for $3.25 billion in late 2025, another step in its push into data-center optics.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.