Emcore to buy telecom assets of Intel's optical platform unit

martedì 18 dicembre 2007 14:36

Dec 18 (Reuters) - Semiconductor products maker Emcore Corp (EMKR.O: Quotazione) said it would buy the telecom-related portion of Intel Corp's (INTC.O: Quotazione) 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)