Emcore Completes Sale of VCSEL Product Lines to Sumitomo

Emcore Corporation of Albuquerque, New Mexico USA, announced the completed sale of its Vertical Cavity Surface Emitting Lasers (VCSEL)-based product lines to Sumitomo Electric Device Innovations U.S.A., Inc. (SEDU), a subsidiary of Sumitomo Electric Industries, LTD (SEI).

As previously disclosed, SEI agreed to pay $17 million in cash for the fixed assets, inventory and intellectual property of the VCSEL-based product lines within Emcore’s fiber optics business unit, subject to closing adjustments. These product lines include VCSEL and photodiode components, parallel optical transceiver modules, and active optical cables.