Marvell to acquire Lumentum in $115 billion AI connectivity deal

Marvell Technology announced Monday that it would acquire Lumentum Holdings in a deal valued at $115 billion, one of the biggest tech industry deals ever.
Marvell said the purchase of Lumentum, which manufactures lasers, circuit switches and other products used for data centers, would make the enlarged company a "category leader in AI connectivity." Marvell, founded in 1995, makes data infrastructure semiconductor products.
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