Menu
Intel sheds optical communications assets

Intel sheds optical communications assets

Intel shed more of its optical business assets on Thursday, selling the enterprise and storage assets of the unit to semiconductor company Emcore.

The technology Emcore will get from Intel includes optical transceivers and optical cable interconnects. The transaction is expected to close in the second quarter. Emcore will issue 3.7 million shares of restricted stock to Intel in exchange, with price adjustments at a later date.

Intel has slowly been selling off its optical business assets. Last year Emcore bought telecom-related assets from Intel's optical division, including technology related to tunable lasers and transponders from Intel's business unit.

The sale will allow Intel to focus its efforts on core assets in the communications and embedded market segments, Intel said. The company will also continue to focus on developing the USB (Universal Serial Bus) 3.0 specification, which will support optical and silicon photonics research and development.

Emcore, which is based in Albuquerque, New Mexico, estimated it will add US$45 million in revenue over the next 12 months as a result of the acquisition, the company said in a statement.

The acquisition comes just a few days after Emcore's board authorized a plan to separate the companies' fiber optics and photovoltaic businesses into separate corporations. Photovoltaic equipment, like solar power cells, converts light directly to electricity.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags intelinternational news

Brand Post

Featured

Slideshows

Reseller News Platinum Club celebrates leading partners in 2019

Reseller News Platinum Club celebrates leading partners in 2019

The leading players of the New Zealand channel came together to celebrate a year of achievement at the annual Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months.

Reseller News Platinum Club celebrates leading partners in 2019
Reseller News hosts alumnae breakfast for Women in ICT Awards

Reseller News hosts alumnae breakfast for Women in ICT Awards

Reseller News hosted its second annual alumnae breakfast for the Women in ICT Awards in New Zealand, designed to showcase the leading female leaders in the industry. Held at The Cordis in Auckland, attendees came together to hear inspiring keynotes and panel discussions, alongside high-level networking among peers. Photos by Gino Demeer.

Reseller News hosts alumnae breakfast for Women in ICT Awards
Reseller News Innovation Awards 2019: meet the winners

Reseller News Innovation Awards 2019: meet the winners

Reseller News honoured the standout players of the New Zealand channel in front of more than 480 technology leaders in Auckland on 23 October, recognising the achievements of top partners, emerging entrants and innovative start-ups.

Reseller News Innovation Awards 2019: meet the winners
Show Comments