Marvell agrees to acquire Lumentum for $115B

Marvell has agreed to acquire Lumentum for approximately $115 billion, combining chip manufacturing with optical networking gear for AI data centers. The author argues that the strategic rationale goes beyond hardware, as the deal enables Marvell to sell a simplified, frictionless package to major customers rather than forcing them to coordinate multiple vendors. By removing integration friction, the company mirrors a timeless business growth play centered on eliminating customer complexity. Open article →