NuAxiSemiconductor trade intelligence
Marvell pays up for Lumentum, 33 times forward earnings, to match Broadcom on lasers
What happened
Marvell Technology has reached an agreement to acquire Lumentum Holdings (the deal is not yet completed; the price is cited as 33 times forward earnings). The source states the deal would give the custom chip designer its own supply of indium phosphide (InP) lasers — one of the scarcest components in AI data center networking — and make it one of the few suppliers spanning both the electrical and optical sides of the link. It also positions Marvell more directly against Broadcom as connections inside AI clusters move from copper toward optics packaged alongside processors and switches.
Impact and signal
Medium impactImpact score: 45/100
Affected components and suppliers
indium phosphide (InP) lasers
M&AInP lasersAI data center networkingopticscustom chips
Source and time
Source: DigiTimes Asia · 11/2/2026 · View original source
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