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USCBS News

Marvell to acquire Lumentum in $115 billion AI connectivity deal

Photo: Getty Images

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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USThe Guardian

Man accused of starting deadly Palisades fire to be retried for arson after mistrial

A 30-year-old man accused of starting the deadly Palisades fire is being retried for arson this week, four months after his first trial ended with a hung jury. Federal prosecutors say Jonathan Rinderknecht, a former Uber driver, is responsible for the January 2025 wildfire, which killed 12 people and ravaged thousands of buildings in the Pacific Palisades. On 31 December, Rinderknecht dropped a passenger off in the upscale Los Angeles enclave, before climbing on foot to a hillside clearing. Law enforcement officials said he ignited a brush fire, which ballooned into the 8-acre Lachman fire.