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Credo Technology (CRDO) to Acquire DustPhotonics for $750M to Support Silicon Photonics Capabilities
Credo Technology Group (CRDO) announced its acquisition of DustPhotonics for approximately $750 million in cash and stock, with potential performance-based milestones. This acquisition aims to integrate Silicon Photonics Photonic Integrated Circuit/SiPho PIC technology in-house, making Credo a vertically integrated provider. The strategic move is expected to enhance Credo’s AI infrastructure capabilities, accelerate its optical roadmap, and reduce reliance on external suppliers, with projected optical business revenue exceeding $500 million by FY27.