Credo projects more than $500 million in optical revenue for fiscal 2027 from the combined ZeroFlap Optical Transceivers, Optical DSPs, and Silicon Photonics offerings.

The deal features upfront cash of $750 million plus about 0.92 million Credo shares, with potential downstream earnouts of up to roughly 3.21 million shares tied to milestones; closing is anticipated in the second quarter of 2026, subject to customary conditions.

Forward-looking statements note that projections depend on closing the deal, integration success, milestone achievement, and market conditions, with no obligation to update.

DustPhotonics is an Israel-based fabless company founded in 2017, focused on Silicon Photonics PICs and high-speed transceivers, with design wins from hyperscale cloud customers and about seventy employees.

Credo Technology Group Holding Ltd is acquiring DustPhotonics to accelerate its push into Silicon Photonics and next-generation optical connectivity.

DustPhotonics’ investor and chairman highlight that the combination should improve scalability, reduce power and cost in optical links.

A conference call is set for April 14, 2026, to discuss the acquisition, with a live webcast and replay on Credo’s investor relations site.

Credo offers high-speed copper and optical interconnects, including ZeroFlap products, DSPs, retimers, and PILOT software, aiming to transform connectivity at scale.

DustPhotonics’ Silicon Photonics PIC portfolio targets 400G, 800G and 1.6T with a roadmap to 3.2T, already deployed in hyperscale AI clusters and in Near Port Optics and Co-Packaged Optics designs, with the SiPho PIC market potentially reaching $6 billion by 2030.

DustPhotonics CEO Ronnen Lovinger calls the merger a natural step, predicting faster silicon photonics deployment in AI infrastructure through Credo’s scale and relationships.