Matt Murphy, chief executive officer of Marvell Technology Inc.
Photographer: Lam Yik Fei/BloombergBy Ryan Gould, Michelle F Davis, and David CarnevaliUpdated on
Takeaways by Bloomberg AI
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 sector.
A transaction may be announced as soon as next week, the people said, asking not to be identified because the discussions are private. Lumentum, which is backed by Nvidia Corp., has a market value of about $83 billion, while Marvell is worth around $221 billion.
