#Lumentum

Marvell Lumentum deal ‘makes strategic sense given the highly complementary product portfolios,’ RBC says, as talks near a deal.

Marvell stock declined on a report that the chip designer is in advanced talks to purchase optical parts maker Lumentum.

Marvell Technology Inc. is in advanced talks to buy data center optics maker Lumentum Holdings Inc., according to people familiar with the matter, putting it on the cusp of a potential megadeal amid the race to scale up in the artificial intelligence…