EMCORE to Acquire Telecom Assets of Intel’s Optical Platform Division

SANTA CLARA, Calif. and ALBUQUERQUE, N.M., Dec. 18, 2007 – EMCORE Corporation and Intel Corporation today announced a definitive agreement for EMCORE to acquire the telecom-related portion of Intel’s Optical Platform Division for $85 million. The telecom assets to be acquired include intellectual property, assets and technology relating to tunable lasers, tunable transponders, 300-pin transponders and integrable tunable laser assemblies. The transaction is subject to regulatory review and certain other closing conditions, and is expected to close in the first quarter of 2008.

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