Emcore Buys Intel Storage Biz

Emcore completes acquisition of Intel's enterprise, storage, and connects cable fiber optic communication assets

April 21, 2008

1 Min Read
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ALBUQUERQUE, N.M. -- EMCORE Corporation (Nasdaq: EMKR), a leading provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite and terrestrial solar power markets, today announced completion of the acquisition of the enterprise and storage assets of Intel's Optical Platform Division (OPD) and the Intel Connects Cable (ICC) business for high-performance computing under the terms signed and announced previously. The assets include intellectual property, inventory, fixed assets and technology relating to XENPAK, X2, SFP, and SFP+ optical transceivers for enterprise and storage customers, as well as the Intel Connects Cables (ICC) active cable interconnects for high-performance computing clusters.

This acquisition will further enhance EMCORE's presence in the local area and storage area network market segments. These assets, along with the Telecom assets acquired in February 2008 from Intel OPD, make EMCORE one of the major companies in the world with the most comprehensive product portfolio, vertically-integrated capability and infrastructure, and strong commitment to Telecom, Datacom, and Broadband fiber optics businesses. The acquired assets will be integrated into the EMCORE Digital Products (EDP) division.

Stephen Krasulick, Vice President and General Manager of EMCORE's EDP division stated, "The industry-leading technology, established performance and reliability of the Intel OPD products combined with the existing operational efficiencies, low-cost manufacturing expertise, and the strong commitment that EMCORE has developed will offer significant competitive performance and cost advantages, continued innovation, and supply surety to our customers". "We are excited about the opportunities that this acquisition presents and look forward to working closely with both our existing customers and the customers of the Intel product lines to further expand and strengthen our relationships" added Mr. Krasulick.

Emcore Corp.

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