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Driven by A.I. Boom, Marvell and Lumentum Announce $115 Billion Merger

First reported by NYT · 22h ago

The signal ●○○○ Brief pending · reported by NYT and The Information

What happened

Chipmaker Marvell Technologies agreed Monday to buy laser maker Lumentum in an all-stock deal worth around $80 billion, a sign of how the AI investment boom has boosted Lumentum’s value.

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Funding

Driven by A.I. Boom, Marvell and Lumentum Announce $115 Billion Merger

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