Emcore Selling Div. to IQE
SOMERSET, N.J., July 26, 2006 -- Emcore Corp., a provider of compound semiconductor solutions for the broadband and wireless communications and solid-state lighting markets, announced that it will sell its US epitaxial foundry business to epi-wafer services provider IQE plc for $16 million in cash.
IQE, based in Cardiff, Wales, will purchase all Electronic Materials & Device Div. (EMD) assets, including inventory, fixed assets and intellectual property. For the financial year that ended Sept. 30, 2005, EMD's total...