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Marvell Is Reportedly in Advanced Talks to Buy Lumentum for Its AI Optics

Summary by Startup Fortune
Lumentum, valued near $83 billion, counts Nvidia as both customer and a $2 billion shareholder since March. A Marvell deal would hand one chipmaker control of a key laser supplier to its rivals.
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Marvell is in advanced negotiations to acquire Lumentum, strengthening its AI business. An announcement of the deal is expected as early as next week. Meanwhile, MRVL shares fell 8.39%, while LITE shares surged 4.15% during overnight trading. The post Marvell pushes forward with massive Lumentum acquisition deal, expanding into the AI market; announcement expected next week appeared first on Business Online Stock News.

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Startup Fortune broke the news on Wednesday, October 28, 2026.
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