Marvell Technology and Lumentum Holdings received approval from Nvidia CEO Hwang In-hoon before reaching a merger agreement of nearly $103 billion. Nvidia's support highlights how the company is encouraging integration among major vendors, as the need for faster fiber connections has become a bottleneck in data center construction. Marvell agreed to acquire Lumentum in an all-stock deal worth $115 billion, combining Marvell's custom chips with Lumentum's optical components.

Marvell Technology and Lumentum Holdings received approval from Nvidia CEO Hwang In-hoon before reaching a merger agreement of nearly $103 billion. Nvidia's support highlights how the company is encouraging integration among major vendors, as the need for faster fiber connections has become a bottleneck in data center construction. Marvell agreed to acquire Lumentum in an all-stock deal worth $115 billion, combining Marvell's custom chips with Lumentum's optical components.