Marvell to acquire Lumentum
Data centre hardware company Marvell Technology is acquiring photonics specialist Lumentum in an all-stock transaction that implies an enterprise value of $115b for Lumentum.
The combination brings together Marvell's strengths in electrical and optical interconnect, and network switching with Lumentum's expertise in lasers, optical transceivers and compound semiconductor processes including InP.
Following closing, the combined company is expected to offer a portfolio spanning CMOS, silicon photonics, compound semiconductors, advanced packaging and manufacturing capabilities.
Michael Hurlston, president and CEO of Lumentum said: “Surging AI data traffic requires rapid hardware innovation, and this combination enhances our ability to deliver next-generation solutions at scale. Together with Marvell, we will meet our customers' complete interconnect needs, spanning scale-across and scale-out today to scale-up and scale-in domains tomorrow. By offering extreme co-design around our customers' demanding requirements, we will help them achieve faster time to market, accelerated innovation cycles and category-defining performance.”
“AI infrastructure is undergoing a fundamental architectural shift toward optical connectivity, creating an opportunity that comes along once in a generation,” said Matt Murphy, chairman and CEO of Marvell. “The companies that move first and help define this transition will set the standard for decades to come. By bringing together two leaders with highly complementary technologies, exceptional talent and specialised manufacturing capabilities, we intend to help shape the next era of AI connectivity and create exceptional stockholder value.”
