Credo Acquires DustPhotonics for $750M

Credo Technology Group Holding shares jumped 10% in after‑hours trading after announcing a definitive agreement to acquire DustPhotonics.
The deal values DustPhotonics at $750 million cash plus 0.92 million Credo shares, with up to 3.21 million additional shares as contingent consideration.
Credo expects the combined optical portfolio to generate over $500 million in revenue and be accretive to non‑GAAP EPS in fiscal 2027.
The acquisition targets Silicon Photonics PIC technology for 800G‑3.2T optics, with the market projected to reach $6 billion by 2030.