Marvell bought Lumentum to fight Broadcom: vertical integration now decides AI connectivity
BenBajarin · x · 2026-11-04
Creative Strategies analyst Ben Bajarin argues Marvell and Lumentum would never admit it publicly, but their merger is necessary to compete with Broadcom. As optics moves into the scale-up domain and toward the package, customers want the laser, optical engine, and electrical signal chain co-designed by one accountable supplier engaged years ahead of production. The deal signals that vertical integration has become the basis of competition in the AI connectivity platform era.
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