SOMERSET, N.J., Oct. 9 -- Emcore Corp., a provider of semiconductor technologies for communications markets, announced today it has acquired Molex Inc.'s 10 Gigabit Ethernet transceiver business.
The transaction includes assets, products, technology and intellectual property related to Molex's 10 Gigabit Ethernet transceiver business, which is primarily focused on Xenpak and X2 form factor products and is currently located in Downers Grove, Ill. As part of the agreement, approximately 17 Molex employees will join Emcore. The business will become a part of Emcore's fiber optics division and will initially continue to operate in a portion of Molex's Downers Grove facility, to be leased by Emcore.
Reuben F. Richards Jr., president and CEO of Emcore, said, "Molex's 10 Gigabit Ethernet transceiver product complements Emcore's internal capabilities and strategy for growing its fiber optics business and gives Emcore a significant competitive advantage and the most complete 10 Gigabit Ethernet transceiver product portfolio."
For more information, visit: www.emcore.com