SANTA CLARA, Calif., May 23, 2002 – Intel Corporation has purchased the network tunable laser business and technology from New Focus Inc. in a cash transaction valued at approximately $50 million. As part of the agreement, approximately 40 employees from New Focus have joined Intel. Intel will also license technology and supply certain products to New Focus. New Focus will use these capabilities to continue supplying products to the test and measurement market segments.
Intel (NASDAQ: INTC), a leader in the semiconductor industry, is shaping the data-centric future with computing and communications technology that is the foundation of the world’s innovations. The company’s engineering expertise is helping address the world’s greatest challenges as well as helping secure, power and connect billions of devices and the infrastructure of the smart, connected world – from the cloud to the network to the edge and everything in between. Find more information about Intel at newsroom.intel.com and intel.com.
© Intel Corporation. Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Other names and brands may be claimed as the property of others.