# Marvell to Buy Lumentum in a $115 Billion All-Stock Deal to Fuse AI Chips With Optical Interconnect

*2026-11-11 23:00 UTC · Technology · 1 min read*

> Marvell will acquire optical-components maker Lumentum for about $115 billion in stock, aiming to combine custom silicon with lasers and optical switching for AI data centers.

Marvell Technology agreed on November 2 to acquire Lumentum in an all-stock deal valued at about $115 billion. Lumentum shareholders get 4.5 Marvell shares per share, roughly $1,132 each and a 23.9% premium to the unaffected price. Marvell holders would own about 67% of the combined company and Lumentum holders about 33%.

The companies pair Marvell's electrical and optical interconnect, switching and custom silicon with Lumentum's lasers, optical transceivers and optical circuit switching. They estimate a $550 billion addressable market and more than $1 billion in annual cost synergies.

Matt Murphy stays as chairman and CEO, and three Lumentum directors, including CEO Michael Hurlston, join Marvell's seven-member board. Closing is expected in the first half of 2028, pending shareholder approvals and regulatory clearances.

## Sources

- [evertiq.com](https://evertiq.com/design/2026-11-02-marvell-to-acquire-lumentum-in-115-billion-all-stock-deal)
- [sec.gov](https://www.sec.gov/Archives/edgar/data/0001633978/000119312526442760/d163169d425.htm)
- [techzine.eu](https://www.techzine.eu/news/infrastructure/145477/marvell-acquires-lumentum-for-115-billion/)

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TechTools News · https://techtools.cz/tools/news/article/2675-marvell-to-buy-lumentum-in-a-115-billion-all-stock-deal-to-fuse-ai-chips-with
Česká verze: https://techtools.cz/tools/news/clanek/2749-marvell-koupi-lumentum-za-115-miliard-dolaru-v-akciich-a-spoji-ai-cipy-s