Marvell Technology has completed its previously announced acquisition of Celestial AI, a company specializing in optical interconnect technology for large-scale AI deployments. Celestial AI's Photonic Fabric™ technology is expected to enhance Marvell's data infrastructure platforms, particularly in high-bandwidth, low-latency connectivity for next-generation AI and cloud data center architectures. The Celestial AI team will join Marvell's Data Center Group, strengthening the company's end-to-end connectivity capabilities. Marvell anticipates initial revenue contributions from Celestial AI in the second half of fiscal 2028, with revenues projected to reach an annualized run rate of $500 million by the fourth quarter and to double to $1 billion by the fourth quarter of fiscal 2029. The acquisition reduced Marvell's cash balance by $1 billion and increased its diluted weighted-average shares outstanding by approximately 27 million shares.

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