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● LIVE Updated 2h ago · 9 sources tracked

Nvidia’s Huang Gave Blessing to Marvell-Lumentum Megadeal

Marvell has agreed to acquire Lumentum in an all-stock deal to expand its AI data-center connectivity capabilities. Nvidia CEO Jensen Huang endorsed the transaction before its announcement, acting as a strategic partner and investor to both companies. While multiple sources report the deal value at $115 billion, the Wall Street Journal reports a lower figure of $80 billion. The merger represents the largest transaction in semiconductor history, aiming to integrate chip manufacturing with optical components for AI infrastructure.

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  • ✓ Marvell agreed to acquire Lumentum in an all-stock deal.
  • ✓ Nvidia CEO Jensen Huang gave his blessing to the transaction.
  • ✓ The deal is intended as a bet on AI data-center connectivity.
🛡️ Source Corroboration: 9 independent reporting domains (80% confidence) ⏱ Read time: ~2 min

What changed

Jensen Huang's endorsement of the merger and the all-stock nature of the deal were revealed.

Live updates

  1. Nvidia CEO Backs Marvell Acquisition of Lumentum

    Marvell has agreed to acquire Lumentum in an all-stock deal to expand its AI data-center connectivity capabilities. Nvidia CEO Jensen Huang endorsed the transaction before its announcement, acting as a strategic partner and investor to both companies. While multiple sources report the deal value at $115 billion, the Wall Street Journal reports a lower figure of $80 billion. The merger represents the largest transaction in semiconductor history, aiming to integrate chip manufacturing with optical components for AI infrastructure.

    Why it matters

    The deal combines Marvell's chip expertise with Lumentum's optical components to address AI connectivity needs. This integration is critical as data centers scale to handle massive AI workloads. The involvement of Nvidia suggests a strategic alignment across the AI hardware ecosystem.

    What is confirmed

    • Marvell agreed to acquire Lumentum in an all-stock deal.
    • Nvidia CEO Jensen Huang gave his blessing to the transaction.
    • The deal is intended as a bet on AI data-center connectivity.

    Still unconfirmed

    • The deal is valued at $115 billion.
    • The deal is valued at $80 billion.
    • The deal assumes the market will collapse in two to three years, making Micron the real loser.

    What to watch next

    • Resolution of the conflicting deal valuation between $80 billion and $115 billion
    • Investor reaction and stock price movement for MRVL and LITE
    • Regulatory approval for the semiconductor merger
    Sources used for this update (10)
    1. Reuters — Marvell to buy Lumentum in $115 billion deal in AI data-center bet
    2. WSJ — Chip Maker Marvell Agrees to Buy Lumentum in $80 Billion Deal
    3. CNBC — Marvell to buy Lumentum in all-stock deal, a massive bet on AI connectivity
    4. Yahoo Finance — Micron is the Real Loser in Lumentum Deal Which Assumes “Market Will Collapse in Two to Three Years”
    5. Bloomberg.com — Nvidia’s Huang Gave Blessing to Marvell-Lumentum Megadeal
    6. Yahoo Finance — Marvell agrees to acquire Lumentum in $115bn all-stock deal
    7. wwconemedia.com — Nvidia's Jensen Huang Backs $115-Billion Marvell–Lumentum AI ...
    8. www.marketscreener.com — Marvell-Lumentum: The call to Jensen Huang and the deal's ...
    9. hyperdash.com — Nvidia's Huang Backs Marvell-Lumentum Megadeal
    10. stockhub.kr — NVIDIA’S HUANG 'GAVE BLESSING' TO MARVELL-LUMENTUM MEGADEAL
    confidence 80%
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