New Delhi, Oct. 29 -- Marvell Technology is in advanced talks to buy data-center optics maker Lumentum Holdings, a potential mega deal that would deepen its push into optical technologies to power artificial intelligence infrastructure. The $83 billion deal is likely to be announced next week.

A final agreement has not been reached, and the discussions could still end without a deal, Bloomberg reported. The timing and other details could also change.

The potential acquisition underscores how the AI boom is driving dealmaking as companies race to build infrastructure capable of handling increasingly demanding workloads.

Lumentum has a market value of about $83 billion, compared with Marvell's $221 billion, according to Bloomberg. An acq...