Emcore to Buy Telecom Assets of Intels Optical Platform Unit

 
 
By Reuters -  |  Posted 2007-12-18
 
 
 

Dec 18 (Reuters)—Semiconductor products maker Emcore Corp said it would buy the telecom-related portion of Intel Corps optical platform division for $85 million to expand its fibre optics product portfolio.

The acquired assets are expected to generate $65 million of revenue in 2008, the company said in a statement.

The acquisition is expected to close in the first quarter of 2008, the company added.

(Reporting by Shamik Paul in Bangalore; Editing by Deepak Kannan)

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