Credo to buy DustPhotonics for $750 million in cash

ReutersApr 13, 2026 9:13 PM

April 13 (Reuters) - Credo Technology Group Holding CRDO.O on Monday agreed to acquire privately held DustPhotonics for $750 million in cash, expanding its push into silicon photonics and high-speed optical connectivity for AI data centers.

Credo, which supplies connectivity solutions for cloud and hyperscale computing, will pay the $750 million upfront in cash and about 920,000 Credo shares.
The stock component of the deal totals $123.6 million, according to Reuters calculations based on Credo's last closing price.
The company said it could also issue up to an additional 3.21 million shares if DustPhotonics meets agreed financial targets.
Demand for faster and more energy-efficient data-center connectivity has surged alongside rapid investment in AI computing.
Credo said bringing DustPhotonics' technology in-house would help reduce supply‑chain dependencies and accelerate product development as customers push toward higher‑capacity and lower-power interconnect solutions.
The deal is expected to close in the second quarter of calendar 2026.

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