Marvell Technology has agreed to acquire Lumentum Holdings in an all-stock transaction. The deal values Lumentum at an enterprise value of $115 billion. This marks one of the largest semiconductor acquisitions in history.
Marvell specializes in designing chips for data centers, networking, and storage systems. Lumentum focuses on data center optics and laser manufacturing. The companies aim to capitalize on the artificial intelligence infrastructure boom.
The transaction is expected to close during the first half of 2028. This merger combines Marvell’s chip design capabilities with Lumentum’s optical expertise. AI builders should watch how this consolidation impacts the supply chain for high-performance computing.
