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Credo Technology Acquires DustPhotonics for $1.3 Billion

4/14/2026

Summary

Story summary

Credo Technology Group, a US-based company, will acquire DustPhotonics, Israel-based silicon photonics startup, for up to $1.3 billion, including $750 million cash and 920,000 Credo shares, plus milestone shares, to strengthen Credo's high-speed electrical solutions and expand into silicon photonics.
DustPhotonics, founded in 2017 in Israel, has raised $150 million, including Intel Capital, and develops silicon photonics chips for data centers and AI.
DustPhotonics will continue operations in Israel.

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Story summary

Credo Technology Group, a US-based company, will acquire DustPhotonics, Israel-based silicon photonics startup, for up to $1.3 billion, including $750 million cash and 920,000 Credo shares, plus milestone shares, to strengthen Credo's high-speed electrical solutions and expand into silicon photonics.
DustPhotonics, founded in 2017 in Israel, has raised $150 million, including Intel Capital, and develops silicon photonics chips for data centers and AI.
DustPhotonics will continue operations in Israel.