Marvell Plans All-Stock Acquisition of Lumentum for AI Connectivity

Marvell Technology plans an all-stock acquisition of Lumentum, with the companies describing the proposed combination as a bid to build an industry leader in AI connectivity.

The proposal puts AI connectivity at the center of the deal and links the combination to optical networking, a focus for U.S. semiconductor investors. Marvell would be the buyer, while Lumentum is the company it plans to acquire.

The announcement describes a proposed acquisition, not a completed merger. The stated strategic goal is to establish a leading position in AI connectivity.