Marvell Technology has agreed to buy optical components maker Lumentum in a $115 billion all-stock deal, one of the biggest deals of 2026 and a bold bet that the artificial intelligence spending boom will keep demand for high-speed data links outstripping supply.
Canada will invest up to C$1.6 billion for an equity stake in Toronto AI company Cohere, Prime Minister Mark Carney has announced, tying the money to Canadian jobs, computing infrastructure and a headquarters that stays in Canada.
Foxconn chairman Young Liu says a new collaboration with OpenAI is in the works after meeting Sam Altman, and insists the AI boom is no bubble as the contract manufacturer leans further into AI servers and factory robots.
