Marvell Reportedly Nears Deal Talks for Lumentum, Per Bloomberg

what happened

Marvell Technology is at an advanced stage of negotiations to acquire Lumentum Holdings, Bloomberg News said on Wednesday, citing people with knowledge of the matter. Reuters passed on the report.

Marvell ranks among the largest winners of the artificial intelligence boom, supported by demand for its custom AI chips and the networking hardware that links data center servers. Lumentum makes photonic products. According to the sources, an announcement could come as soon as next week, though the discussions remain private. Neither company immediately answered Reuters' request for comment.

why it matters

For markets, the potential deal would combine an AI chip and networking designer with a maker of photonic components used in data centers. These are still talks, and the outcome could change. The report does not disclose deal terms, so a full assessment will only be possible after any official announcement.

market impact

Marvell and Lumentum: news of possible deal talks may move both companies' shares

tags

instruments