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Marvell Technology to Acquire Lumentum in All-Stock Transaction, Betting on AI Connectivity
Marvell Technology announced on Monday that it would acquire optical components manufacturer Lumentum in an all-stock transaction to meet the growing connectivity demands of AI infrastructure buildout. Matt Murphy, Chairman and CEO of Marvell, stated that AI infrastructure is undergoing a fundamental architectural shift towards optical connectivity, a once-in-a-century opportunity. The transaction is expected to close in the first half of 2028.
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