New Delhi, Nov. 2 -- Marvell Technology is acquiring optical components maker Lumentum in an all-stock deal valued at $115 billion, including debt, as the US chipmaker looks to strengthen its position in the artificial intelligence (AI) infrastructure market and challenge larger rival Broadcom.

The deal, announced on Monday, is among the biggest corporate acquisitions of 2026 and reflects growing confidence among chipmakers that Big Tech's AI spending boom will sustain demand for computing and data centre infrastructure for years, Reuters reported.

By acquiring Lumentum, a company roughly half its size, Marvell is betting that demand for optical components used to transmit data at high speeds will continue to outstrip supply as technolo...