Marvell Agrees $115B Lumentum Deal Amid AI Boom
Marvell, a US chipmaker, has struck a $115 billion deal to buy Lumentum, doubling down on the AI boom. The bet is linked to AI data centres. Reports call the deal costly, a sign of how much money is flowing into AI infrastructure right now.
Quick glossaryMarvell, data center
- Marvell
- A US chipmaker best known for making chips that power data centers and computer networks.
- data center
- A large building full of computer servers that run online services, websites, apps and AI software for many customers.
Burning Potato score: 68%