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Marvell in Advanced Talks to Acquire Lumentum Holdings

By Drooid · Oct 29, 2026 · How we work

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Summary

Marvell Technology Inc. is in advanced talks to acquire optical component maker Lumentum Holdings Inc.
Lumentum’s $83 billion valuation contrasts with Marvell’s $221 billion market value.
Marvell shares fell roughly 9% after the news.
Lumentum shares rose about 11% to $1,018.
Nvidia Corp. holds a $2 billion stake in Lumentum, underscoring its AI data-center relevance.

History

In 2015 Intel closed a $16.7 billion purchase of Altera, creating a Programmable Solutions Group that gave it a foothold in data-center FPGA chips. The deal followed a decade of multibillion-dollar buys—including McAfee (2010) and Infineon’s wireless unit (2010)—that broadened Intel’s portfolio beyond CPUs. Marvell’s 2024 talks to buy Lumentum, backed by Nvidia, echo this consolidation trend in the semiconductor supply chain.

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In 2015 Intel closed a $16.7 billion purchase of Altera, creating a Programmable Solutions Group that gave it a foothold in data-center FPGA chips. The deal followed a decade of multibillion-dollar buys—including McAfee (2010) and Infineon’s wireless unit (2010)—that broadened Intel’s portfolio beyond CPUs. Marvell’s 2024 talks to buy Lumentum, backed by Nvidia, echo this consolidation trend in the semiconductor supply chain.

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