EMCORE to Acquire Intel OPD’s Telecom Assets for $85M
EMCORE Corp., a semiconductor manufacturer for the communications and solar energy industries, announced Tuesday that it has agreed to pay $85 million for the telecommunications portion of silicon heavyweight Intel Corp.'s Optical Platform Division. EMCORE said the transaction includes intellectual property, assets and technology related to tunable lasers, tunable transponders, 300-pin transponders and tunable laser assemblies. With the acquisition, which is expected to close in Q1 2008, EMCORE said it gains a stronger presence in the telecommunications market and an enlarged fiber optics product portfolio. Intel Corp. is based in Santa Clara, Calif. EMCORE Corp. is headquartered in Albuquerque, N.M.
posted on Tuesday, December 18, 2007
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