Marvell wants to be a copper topper, bets $115B on photonics leader to push optical networking

Hoping to dominate the next phase of AI networking, Marvell Technology plans to acquire photonics giant Lumentum in an all-stock deal valued at $115 billion. The move will fill several key gaps in Marvell's photonics portfolio, particularly with regard to high-performance laser sources, optical transceivers, optical circuit switches, and specialized compound semiconductor manufacturing…