00:00It's Benzinga bringing Wall Street to Main Street.
00:02Marvell Technology is acquiring optical components maker Lumentum in a $115 billion deal
00:09as it expands its artificial intelligence business and challenges rival Broadcom,
00:14according to CNBC. The acquisition, announced Monday, is one of the largest of 2026 and reflects
00:21Marvell's bet on continued demand for AI data center technology. Lumentum makes optical
00:27components that move data at high speeds, a growing priority as tech companies expand AI
00:33infrastructure. Marvell has also strengthened its position in custom AI chips through partnerships
00:38with Amazon and Google. Earlier this year, NVIDIA invested $2 billion each in Marvell and Lumentum.
00:46The acquisition follows Marvell's $3.5 billion purchase of Celestial AI in February.
00:52For all things money, visit Benzinga.com.
Comments