Marvell nears a deal to buy Nvidia-backed Lumentum, Bloomberg reports
Marvell is reportedly nearing a deal to buy Lumentum, a company backed by Nvidia that produces lasers for data movement between AI chips. The transaction would likely be completed using shares.
Key points
- Marvell in advanced talks to buy Lumentum
- Lumentum produces lasers for AI chips
- Deal may be announced as early as next week
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