Marvell to buy Lumentum in $115 billion deal in AI data-center bet
Marvell Technology is buying optical components maker Lumentum in a $115 billion all-stock deal, including debt, as the custom chipmaker steps up its challenge to larger rival Broadcom during an AI spending boom.
The deal, announced on Monday, is one of the biggest in 2026 and among the boldest corporate bets yet on an AI boom that chip executives expect to underpin industry demand for years.
