Marvell to acquire Lumentum for $115 billion in record AI connectivity deal as shares fall 3%
Marvell Technology shares fell more than 3% on Monday after the chipmaker announced a $115 billion deal to acquire optical components maker Lumentum. Lumentum shares also fell after the announcement. Marvell Technology to acquire optical components maker Lumentum in a $115 billion AI connectivity deal. (REUTERS/Eduardo Munoz/File Photo) (REUTERS) The $115 billion deal could become … Read more