Marvell to Acquire Lumentum for $115 Billion in AI Data Center Move
Marvell Technology plans to acquire Lumentum in an all-stock deal valued at $115 billion. This strategic move aims to strengthen Marvell's position against Broadcom in the growing AI sector. The acquisition will help Marvell increase production of optical components to meet rising data transfer demands driven by AI innovations in data centers.
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