Nov 2 (Reuters) – Marvell Technology’s $115 billion buyout of Lumentum ranks among the biggest tech deals of the year and highlights the growing demand for the optical hardware that powers AI data centers.
Monday’s deal joins two Nvidia-backed companies whose products help move vast amounts of data between AI chips, broadening the custom chipmaker’s reach in one of the fastest-growing segments of the semiconductor industry.
(Reporting by Anhata Rooprai, Prathik Jayaprakash and Anzar Mehraj in Bengaluru; Editing by Leroy Leo)
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