Marvell in Talks to Buy Lumentum, Bloomberg Reports
Marvell is reportedly in advanced talks to buy Lumentum, according to Bloomberg News. Marvell has become one of the biggest winners of the AI boom, thanks to strong demand for its custom AI chips and networking hardware. The report does not say whether a deal will go ahead.
Quick glossaryMarvell, Advanced talks, Networking hardware
- Marvell
- A US chip company best known for custom chips and networking hardware used in data centres.
- Advanced talks
- Late-stage negotiations where both sides are close to agreeing a deal, but nothing is final yet.
- Networking hardware
- Equipment that links computers and servers together so they can exchange data quickly across a network.
Read at Economic Times Tech
Burning Potato score: 60%