Credo Completes DustPhotonics Acquisition to Add Silicon Photonics

Overview

• Credo confirmed on May 28, 2026 that it has closed the purchase of DustPhotonics, with reporting citing $750 million in upfront cash plus about 0.92 million common shares.
• DustPhotonics contributes silicon photonics photonic integrated circuits, a technology that puts optical devices on silicon chips to enable higher bandwidth and lower power links for 800G, 1.6T and 3.2T data‑center optics.
• Management says the deal creates a vertically integrated connectivity stack by combining DustPhotonics’ PICs with Credo’s SerDes, optical DSPs and ZeroFlap transceivers to serve hyperscale AI networks.
• Wall Street reacted positively with Buy ratings from Stifel, Jefferies and Rothschild Redburn and raised price targets, while Credo’s stock has surged roughly 253% over the past year.
• Credo frames the combined portfolio as a material growth driver for fiscal 2027 but warns integration and execution risks remain and plans to press commercial efforts through partnerships and industry events.