Nvidia pours $2B into Lumentum
Nvidia is putting $2 billion into optical component maker Lumentum to push development of advanced optics and expand production capacity.
The cash is framed as a strategic move to speed up new optical technologies and support Lumentum’s US-based manufacturing. Both sides are positioning the deal as a way to keep up with rising demand for high-speed optical links driven by AI and data center growth.
More from Business
Veon has announced several senior management changes aimed at tightening execution in its operating markets and accelerating its push into digital and...
Samsung is shifting part of its screen sourcing for mid-range phones from its in-house display arm to a Chinese supplier. A report from Korea says Sam...
Fixed wireless provider Rise Broadband has changed its name to Rise Internet and updated its logo. According to the company, the rebrand is meant to u...
At MWC Barcelona 2026, Deutsche Telekom IoT executive Benjamin Bastians told Capacity TV that companies can no longer treat IoT connectivity as a back...
xAI has lost co-founder Zihang Dai, according to multiple US media reports, adding to a series of senior exits from Elon Musk’s AI start-up. Another c...
Meta is preparing to cut about 20% of its workforce, or roughly 16,000 jobs, according to Reuters sources. If confirmed, this would be the company’s l...