Intel Expands Optical Product Line Through Acquisition Of West Bay Semiconductor

SANTA CLARA, Calif., July 8, 2003 – Intel Corporation today announced it has acquired West Bay Semiconductor Inc. in a cash-for-assets transaction. West Bay Semiconductor, based in Vancouver, Canada, designs high-speed and high-density networking chips that enable voice and data transport over Synchronous Optical Networking/Synchronous Digital Hierarchy (SONET/SDH) -based optical networks. Financial terms were not disclosed.

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