Credo Technology to acquire DustPhotonics for $750M in cash plus stock

Credo Technology (CRDO) announced it has entered into a definitive agreement to acquire DustPhotonics, a developer of Silicon Photonics Photonic Integrated Circuit technology for optical transceivers. The acquisition will position Credo with a vertically integrated connectivity stack spanning SerDes, Digital Signal Processing (DSP), Silicon Photonics and system integration for scale out and scale up networks – addressing both electrical and optical interconnects across the full AI infrastructure buildout. Credo will acquire DustPhotonics for upfront consideration of $750 million cash and approximately 0.92 million shares of Credo common stock, subject to the terms and conditions of the definitive agreement. In addition, Credo may pay incremental contingent consideration of up to approximately 3.21 million shares based on the achievement of certain financial milestones, subject to the terms of the definitive agreement. Credo expects the transaction will be accretive to non-GAAP earnings per share in Credo’s fiscal 2027. The transaction is expected to close in the second quarter of calendar 2026, subject to customary closing conditions and regulatory approvals.

Claim 55% Off TipRanks