Maiwei Technology: In talks to acquire Lumentum, which rose about 17% after hours

According to Bloomberg, informed sources revealed that semiconductor company Marvell is in deep negotiations to acquire data center optical communication equipment manufacturer Lumentum, with the deal possibly being announced as early as next week. Currently, the two parties have not reached a final agreement, and details and timing may still change.

Lumentum currently has a market value of approximately $83 billion, while Marvell's market value is about $221 billion. Following the news, Marvell's stock fell about 8% in after-hours trading, while Lumentum's stock rose about 17%. Earlier this year, Nvidia invested $2 billion in Lumentum.