News Article
EMCORE Buys Opto Assets From Agere
EMCORE has acquired Agere Systems West Coast USA optoelectronics business for $25mn. The transaction includes assets, products, technology and intellectual property related to Ageres cable TV optical components, telecom access and satellite communications operations.
EMCORE has acquired Agere Systems West Coast USA optoelectronics business for $25mn. The transaction includes assets, products, technology and intellectual property related to Ageres cable TV optical components, telecom access and satellite communications operations.
The business was bought as Ortel by Lucent Technologies in April 2000. The business has a workforce of 230 employees - 215 Agere employees will now join EMCORE. The business will be operated as Ortel, a division of EMCORE.
Agere succesfully sold the remainder of its optoelectronics business to TriQuint Semiconductor earlier this month (Bulletin 465, January 9, 2003).