Marvell agrees $115bn Lumentum acquisition
Marvell agreed to buy data-centre component maker Lumentum in an all-stock transaction valued at $115 billion, the Financial Times reported. The companies said the combination would create a leading supplier of connectivity technology for artificial-intelligence infrastructure, extending the deal boom around chips, networking and data-centre construction.
Why it matters
The transaction would consolidate key AI-infrastructure suppliers and ranks among the sector’s largest proposed deals.
Sources
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Part of the November 3, 2026 brief.