Cortina Systems Purchases Intel's Optical-Networking Components Business
Subject: General Tech | September 11, 2006 - 05:40 PM | Jeremy Hellstrom
SANTA CLARA, Calif., Sep. 11, 2006 — Cortina Systems Inc. and Intel Corporation today announced that they have completed the sale of product lines and associated assets of Intel's optical-networking components business to Cortina.
Cortina has emerged as a leading supplier of advanced communications semiconductor solutions for the carrier infrastructure market segment. The acquisition will give Cortina a large portfolio of enterprise and infrastructure communications products and will position it to become a leading communications semiconductor company. The sale will enable Intel to focus its investments on its core communications and embedded businesses, including IntelÂ® Architecture and network processors, modular communications platforms and optical modules. The transaction closed Friday after completing regulatory review.