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Semiconductor solutions firm Marvell has agreed to acquire Celestial AI, which makes an optical interconnect technology platform for AI computing called Photonic Fabric.
Marvell will acquire Celestial AI for upfront consideration valued at approximately $3.25 billion, consisting of $1 billion in cash, as well as approximately 27.2 million shares of Marvell common stock.
Marvell says combined with its existing scale-out and scale-across connectivity, it expects the expanded portfolio “will result in the industry’s most comprehensive provider of high-bandwidth, low-power, low-latency solutions for next-generation data centre connectivity.”
