Emcore Sells VCSEL Product Line to Sumitomo Electric

Semiconductor components and subsystems provider Emcore Corp. completed the sale of its vertical-cavity surface-emitting laser (VCSEL)-based product lines to Sumitomo Electric Device Innovations USA Inc. (SEDI), a subsidiary of Sumitomo Electric Industries Ltd. (SEI), it announced Tuesday.

SEI previously agreed to pay $17 million in cash for the fixed assets, inventory and intellectual property of the VCSEL-based product lines within Emcore’s fiber optics business unit, subject to closing adjustments. The product lines include VCSEL and photodiode components, parallel optical transceiver modules and active optical cables.

SEDI provides optical components to the telecom, broadband and data communications markets.

For more information, visit: www.emcore.com