Marvell to acquire Lumentum for $115bn, expanding total addressable market to $550bn

What happened

Marvell Technology Inc of Santa Clara, CA, USA, a data infrastructure semiconductor solutions provider, has agreed to acquire Lumentum Holdings Inc of San Jose, CA, USA, which designs and makes optical and photonic products for optical networks and lasers, in an all-stock transaction that has been unanimously approved by the boards of directors of both companies; the deal has not yet closed. According to the headline, the acquisition is valued at $115bn and expands the total addressable market to $550bn. The source does not state the cause of the acquisition.

Impact and signal

Affected components and suppliers

Source and time

Source: Semiconductor Today · 11/2/2026 · View original source