Marvell Nears Deal to Acquire $83B Lumentum, Reports Say

WHO:

Yahoo Finance - Marvell Technology (MRVL), a semiconductor designer and AI chipmaker, is in advanced talks to acquire Lumentum (LITE), an optical-parts maker.

Techmeme - Bloomberg reported that Marvell Technology Inc. is in advanced talks to buy Lumentum Holdings Inc., a data-center optics maker.

Yahoo Finance - Marvell competes with Broadcom (AVGO) and designs high-speed infrastructure and custom chips that enable AI computers to communicate.

Yahoo Finance - Lumentum makes lasers and other optical components.

Yahoo Finance - Ines Ferre is a senior business reporter for Yahoo Finance.

Yahoo Finance - Nvidia CEO Jensen Huang called Marvell “the next trillion-dollar company.”

WHAT:

Yahoo Finance - Marvell’s stock fell 12% amid reports of the possible acquisition; Lumentum shares rose as much as 5% before trimming gains.

Yahoo Finance - Lumentum had a market value of about $83 billion, compared with Marvell’s roughly $221 billion.

Techmeme - Bloomberg reported Lumentum’s market value at approximately $83 billion.

Yahoo Finance - Marvell’s shares were up more than 190% year to date, and Lumentum’s shares had risen 140%.

Yahoo Finance - Marvell joined the S&P 500 index in June.

Yahoo Finance - Lumentum shares were quoted at $921.14, up $7.18 (0.79%), as of 2:42:57 PM EDT; the market was open.

WHERE:

Techmeme - Lumentum is described as a data-center optics maker.

WHEN:

Yahoo Finance - Bloomberg’s report said an agreement could be announced “as soon as next week.”

Techmeme - Bloomberg’s report said the deal could be announced “as soon as next week.”

WHY:

Yahoo Finance - The acquisition could give Marvell greater access to optical technologies and manufacturing capacity, which the article says have become critical bottlenecks in the AI-infrastructure build-out.

Yahoo Finance - Demand for faster connections is increasing as AI systems become more powerful.

(UPDATED October 29, 2026 19:05 UTC)

Marvell Technology is in advanced talks to acquire Lumentum, a maker of lasers and other optical components used in data centers, in a deal that could expand Marvell’s access to technologies and manufacturing capacity crucial to AI infrastructure. The report sent Marvell shares down 12%, while Lumentum’s rose as much as 5%; Lumentum is valued at about $83 billion, compared with Marvell’s roughly $221 billion. An agreement could be announced as soon as next week, as demand grows for faster connections to support increasingly powerful AI systems.