Marvell has announced plans to acquire Lumentum in a massive $115 billion transaction. Reported by Reuters on November 2, 2026, the deal represents a significant strategic bet on the artificial intelligence data-center infrastructure market. By combining operations, the two companies position themselves to capture growing demand driven by the rapid expansion of AI technologies and data centers. The agreement highlights ongoing consolidation and high-stakes investments within the technology sector as firms scale their capabilities to support heavy AI workloads.